Fed

A supposed resignation letter from Federal Reserve Chair Jerome Powell recently went viral, fueling rumors of his departure. While the document looked official at first glance and was even shared by prominent politicians, a closer inspection revealed it to be fake. Still, the growing calls for Powell to step down are very real — and louder than ever.

📜 The Resignation Letter: An AI-Generated Fake?
The letter, allegedly addressed to President Donald Trump, mimicked the formal tone and layout of an official document. However, inconsistencies quickly unraveled its credibility. From misaligned formatting and informal language to the absence of an official Fed seal, experts quickly pointed out that it lacked the hallmarks of a legitimate communication from the Fed.
One Republican senator even briefly shared the letter online, claiming Powell was stepping down — only to delete the post minutes later. Meanwhile, fact-checkers and AI analysts confirmed that the document was likely generated with the help of artificial intelligence.

🧨 Mounting Political Pressure and Resignation Rumors
Despite the falsified letter, Powell is under growing scrutiny:
🔹 Republican lawmakers are demanding investigations over Powell’s past testimony regarding a costly $2.5 billion renovation of the Federal Reserve headquarters.

🔹 Some officials allege he misled Congress under oath — and have called for a Department of Justice probe.

🔹 Donald Trump continues to criticize Powell for keeping interest rates high and is reportedly eyeing a possible replacement.
Although Powell's current term as Fed Chair is set to expire in May 2026, there's increasing speculation he could step down earlier. Betting markets briefly estimated the odds of Powell leaving early at over 20%.

🏛️ Powell Defends Himself and the Renovation
In the face of accusations, Powell has firmly defended the need for the costly renovation of the Fed's headquarters, stressing that it was long overdue and follows appropriate oversight protocols. Internally, the Fed continues to stand by its decision, asserting the importance of maintaining critical infrastructure.
As for Powell, he shows no public signs of backing down. Though the political environment surrounding the Fed has become increasingly tense, he remains focused on navigating the central bank through one of the most turbulent monetary cycles in decades.

⚖️ What Does It All Mean?
Despite the fake resignation letter, the political and legal heat around Powell is intensifying. While there's no official indication that he plans to resign, the environment has become more volatile. Trump and his allies have made it clear they want someone else at the helm of the Fed — and their moves suggest that they are already preparing for that shift.

#Powell , #Fed , #FederalReserve , #USPolitics , #TRUMP

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Federal Reserve Chair Jerome Powell delivered a speech at the Fed’s Tuesday banking regulation conference, but made no mention of monetary policy developments or the possibility of interest rate cuts. Although markets were anticipating any kind of signal about the Fed’s direction in the second half of the year, Powell stuck to technical commentary on banking oversight and capital requirements.
His silence comes at a time when U.S. monetary policy is under intense scrutiny from investors, analysts, and politicians. Treasury yields remain volatile, inflation is still above the target, and political pressure is mounting—particularly from Donald Trump, who has long criticized Powell’s approach.

🔹 A Technical Address Instead of an Economic Outlook
Instead of offering hints about interest rate decisions, Powell focused on the structural setup of the U.S. banking system’s capital framework. He stressed the need for a comprehensive view of risks and coordination between regulatory elements:
“The great benefit of this conference is the opportunity to consider all parts of the capital framework together, rather than looking at them in isolation. We must ensure that all parts of the framework work effectively together,” Powell said.
Even at the conclusion of his remarks, Powell did not comment on the current economic outlook, inflation data, or any potential rate changes. As a result, markets are left in the dark on when—or if—rate cuts may come.

🔹 Crypto and Wall Street Left in the Dark
Powell’s silence on Tuesday disappointed not only traditional financial markets but also crypto investors, who had hoped for a stronger signal about a possible policy pivot. Some had even speculated that Powell might respond to the growing tensions between him and Donald Trump, who has publicly criticized his passivity.
Trump has previously suggested that he may seek Powell’s removal if the Fed continues to resist cutting interest rates. However, Tuesday’s speech contained no such acknowledgment—Powell remained silent about his future as Fed chair, further fueling speculation of behind-the-scenes conflict.

🔹 Markets Still Waiting
For now, investors must rely on statements from other Fed officials or incoming macroeconomic data that could influence the central bank’s next moves. A rate cut in 2025 is not off the table, but Powell’s Tuesday stance shows that he is remaining cautious—perhaps also due to growing political risk.

#Powell , #TRUMP , #Fed , #FederalReserve , #CryptoMarket

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

🎙️ Powell Speaks: A Test of Fed Independence, Is a Rate Cut Coming in September?
#US Federal Reserve (#Fed ) Chair Jerome Powell will take the stage at the "Capital Framework for Large Banks" conference in Washington today at 12:30 UTC. However, this speech carries far more significance than just a typical central bank announcement.
🔍 Markets Hold Their Breath: Fed Chair to Speak
Powell's remarks are critical not only in terms of monetary policy, but also in terms of political pressure, individual independence, and the final opportunity to provide direction before the upcoming FOMC meeting. Recent escalating criticism of Trump, the interest rate debate, and the Fed's spending on public spending have put Powell in the firing line in both the economic and political arenas.
🇺🇸 Increasing Pressure from Trump and Republicans
Former President Donald Trump and many Republican politicians are calling for Powell's resignation. The rationale: High interest rates have caused the housing and credit markets to contract, inflation to become persistent, and the Fed's resistance to structural reforms. Trump frequently targets Powell, claiming that Fed policies are "weakening the public."
Yesterday, another round of criticism was added to these criticisms. US Treasury Secretary Scott Bessent made the following harsh remarks in a broadcast:
"The Fed members have been unable to break free from their limited mindset. Their actions and inactions must be questioned."
This statement constitutes a direct challenge not only to Powell but also to the Fed's institutional independence.
📉 Will a Rate Cut Come?
It's almost certain that interest rates will remain unchanged at the FOMC meeting on July 30th. However, all eyes are on September. Powell's "dovish" signals regarding the September meeting could be a significant guide for the markets.
However, Bank of America (BofA) made a striking prediction in a report released yesterday:
“We do not expect any interest rate cuts from the Fed through 2025.”
This is in stark contrast to market prices. A rate cut of at least 25 basis points began to be priced in in September.
🏛️ Millions Spent on Fed Buildings a Topic of Controversy
The renovation costs of the Fed's Washington headquarters have also recently sparked intense debate. Republicans dealt another blow to Powell, saying, “It is unacceptable for the Fed to spend millions while the economy is being tightened.”
While this issue isn't directly related to monetary policy, it could damage the public's perception of the Fed. Such details can remain on the political agenda for a long time, especially as an election year approaches.
🔮 What Are the Expectations?
📌 Expectations from Powell:
No signal will be delivered for a September interest rate cut
Emphasis on preserving the Fed's independence
Indirect, if not direct, responses to pressure from Trump and politicians
Macro analysis and reassuring statements on the economy and banking system
🧩 Conclusion: Powell's Speech Could Be a Turning Point
Today's Powell speech isn't just a lecture; it's a critical milestone in the Fed's changing trajectory, its political independence, and the President's personal perspective.
As Trump's pressure mounts, Powell's remarks will shape not only the markets but also politics. If Powell leaves the door open for a rate cut, it signals a new rally, both for his own proposal and for cryptocurrencies.
However, with a more cautious and hawkish stance, we can achieve the path we envision in the market.
#BTCvsETH #TrumpBitcoinEmpire #TRUMP $BTC $TRUMP

The United States will prioritize the quality of trade agreements over meeting the August 1 deadline, even if it means risking the imposition of higher tariffs. Treasury Secretary Scott Bessent emphasized on Monday that the administration refuses to strike deals just to stay on schedule.

Bessent: “It’s Not About the Date—It’s About the Outcome”
“We’re not going to rush deals just to meet a deadline,” Bessent said in an interview with CNBC, adding that any agreement must bring real benefits to the United States. When asked whether countries engaged in productive negotiations might receive an extension, Bessent replied that it’s up to President Trump: “We’ll see what the President decides to do.”
He added that moving forward with the planned tariffs—possibly increasing them—could strengthen the U.S. bargaining position. “I think higher tariff levels could put more pressure on these countries to come back with better deals,” he noted.

U.S.–China Talks and Pressure on Europe Over Russia
Regarding China, Bessent confirmed that new rounds of talks are scheduled “in the very near future.” However, he pointed to a key issue: “Unfortunately, the Chinese are major importers of sanctioned Iranian and Russian oil.” He emphasized that China must rebalance its economy and reduce reliance on such imports, calling it “the elephant in the room.”
Bessent also stated he would push European allies to join the U.S. in imposing secondary sanctions on Russian goods. As for Japan, he clarified that the administration’s focus is not on internal political factors but on securing “the best deal for Americans.”

Bessent Calls for a Broad Review of the Federal Reserve’s Role
Later in the interview, Bessent issued a surprising call to reevaluate the role of the Federal Reserve. “We need to examine the Federal Reserve as an institution and ask whether it has fulfilled its mandate,” he said on CNBC’s Squawk Box.
He compared the situation to the FAA, which would face a full investigation if it repeatedly made serious errors. Bessent’s remarks come amid growing friction between the Fed and the White House, particularly over a controversial $2.5 billion renovation project of two buildings in Washington, D.C.
It remains unclear how such a review would be conducted or by whom. Last week, media reports suggested that President Trump had considered firing Fed Chair Jerome Powell—a rumor he later denied, although the topic sparked legal concerns and political debate.

Bessent: “The President Will Weigh Many Views—But the Decision Is His”
Bessent, often mentioned as a possible successor to Powell, said President Trump listens to a range of opinions before making decisions. “President Trump will seek input from many advisers and then decide,” he said. The Wall Street Journal reported that Bessent had tried to dissuade Trump from firing Powell—something Bessent didn’t confirm, but commented: “The President evaluates all input, and the final decision is his.”

President Trump has repeatedly urged the Fed to slash the federal funds rate sharply—a demand unlikely to be met regardless of who leads the central bank. Meanwhile, the administration has criticized the Fed’s budget overruns on the D.C. renovations, reportedly planning an on-site inspection to assess the progress firsthand.

#usa , #china , #TRUMP , #Fed , #TradingCommunity

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Key Points
Scott Bessent calls for a review of the Federal Reserve.Tariff deadlines will ‘put more pressure’ on countries.The S&P 500 closed above 6,300 for the first time.Trump Media has built a roughly $2 billion bitcoin hoard.European small caps have room to grow: Goldman Sachs.
#Fed
$ETH

Federal Reserve Chair Jerome Powell is under fire as Florida Congresswoman Anna Paulina Luna has referred him to the Department of Justice for a potential criminal investigation. Luna accuses Powell of giving false testimony to the Senate regarding the costly renovation of the Federal Reserve’s Eccles Building in Washington, D.C.

Accusations of Misleading Testimony
According to Luna, Powell downplayed the scale and cost of the renovations during his June testimony, despite internal documents indicating the changes could cost up to $600 million. In a letter to the Justice Department, Luna claims Powell deliberately misled Congress, making significant false statements. She also questioned Powell's correspondence with the head of the Office of Management and Budget, in which he allegedly minimized the significance of the construction updates.

Growing Tensions Between Trump and the Fed
The referral comes amid mounting tension between Donald Trump and the Federal Reserve. Trump has repeatedly urged the Fed to slash interest rates by as much as 300 basis points. While Powell has so far held off, market analysts now estimate a 56% chance that the Fed will cut rates at its upcoming September meeting.
Though Trump previously considered removing Powell, he recently stated that such an option is off the table. However, he hinted that mounting legal or public pressure could still force Powell to resign.

Possible Penalties and DOJ Silence
If Powell is found guilty of perjury, he could face up to five years in prison and substantial financial penalties. The Department of Justice has yet to comment on the referral, and no formal charges have been filed.

White House Denies Influence by Treasury Secretary
Meanwhile, a Wall Street Journal report suggested that Treasury Secretary Scott Bessent played a role in convincing Trump not to remove Powell. Trump denied this on social media, stating: “Nobody had to explain anything to me. I know better than anyone what’s good for the market and what’s good for the USA.”
In an interview with CNBC, Bessent did not directly confirm the report but noted that the President seeks advice from a broad range of allies and advisors. The WSJ report claimed Bessent warned Trump that firing Powell could trigger market turmoil and legal battles.

Trump: Powell Is Blocking Affordable Housing
Trump recently called Powell a “dummy,” accusing him of making it harder for Americans—especially young people—to buy homes. He claimed Powell is preventing the Fed from lowering interest rates, which would make housing more affordable. Ironically, it was Trump who appointed Powell in 2018 to succeed Janet Yellen during his first term.

#TRUMP , #Powell , #Fed , #FederalReserve , #USPolitics

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

📅 Date: July 23, 2025
📍 Source: Reuters
Former U.S. President Donald Trump has reignited his war of words with Federal Reserve Chair Jerome Powell, declaring:
> “He doesn’t get it. If rates were 3% lower, we’d save $1 trillion.”
Trump accused Powell of harming the economy by keeping interest rates unnecessarily high — fueling speculation of future policy shakeups.
📌 Key Takeaways:
🔹 Trump Slams Powell Again
Says Powell “doesn’t get it” and wants rates slashed 3% to protect the economy.
🔹 $1 Trillion Claim
Trump claims lower rates would cut U.S. debt servicing by $1 trillion annually.
🔹 Fed Independence at Risk?
Economists warn that political pressure could damage Fed credibility long-term.
📉 Crypto & Market Impact:
1. Volatility Alert
Markets remain tense. Crypto investors brace for Fed-related headlines.
2. Dovish Pivot Incoming?
If Powell exits or bows to pressure, expect rate cuts — bullish for BTC/ETH.
3. Smart Traders Watch Closely
Entry points may appear during the next macro-driven pullback.
🧠 Insight:
Trump’s comments come amid a politically charged economic environment, where Fed policy and presidential politics could heavily sway crypto price action heading into 2026.
Follow me: @tradingwith69
#Trump #JeromePowell #Fed #CryptoNews #BinanceSquare
$TRUMP
$BTC
$ETH

U.S. investment bank Morgan Stanley is under scrutiny by the Financial Industry Regulatory Authority (FINRA), which, according to the Wall Street Journal, is investigating potential weaknesses in its anti-money laundering (AML) controls. The focus is on the bank’s handling of wealthy clients and whether it properly assessed their risk profiles between October 2021 and September 2024.

🔍 In the spotlight: Wealth Management, E*Trade, and Institutional Division

The probe includes Morgan Stanley Wealth Management, its institutional securities division, and E*Trade, the digital trading platform acquired in 2020. According to sources familiar with the matter, FINRA has requested detailed data on both domestic and international clients.
The regulator is particularly interested in politically exposed persons (PEPs) — high-ranking foreign officials, their families, and close associates — who are considered high-risk for potential financial crime.

💼 Concerns About Internal Controls and Staff Accountability

FINRA is also investigating which employees at Morgan Stanley were responsible for handling clients flagged for money laundering risks due to their political ties. The agency has requested organizational charts and details on the systems used to assign risk profiles, including how the bank evaluates clients of E*Trade, its private banking division, and institutional services.

📉 Previous Compliance Failures

This isn’t the first time the bank’s practices have come under fire. In August last year, FINRA accused Morgan Stanley of filing inaccurate records, revealing that the bank failed to report over 535,000 municipal and debt security transactions between May 2018 and July 2022.
Furthermore, in April 2024, the Wall Street Journal reported that Morgan Stanley was facing broader federal investigations by the Department of Justice, SEC, FinCEN, and the Office of Foreign Assets Control (OFAC). These probes are reportedly linked to the onboarding of clients involved in corruption and drug trafficking.

📂 Internal Documents Indicate Deeper Issues

Documents from 2023 reviewed by the WSJ revealed that a quarter of Morgan Stanley's international wealth management clients showed signs of money laundering or tax evasion. Out of over 46,500 accounts, 24% were flagged as high-risk.

⚠️ Staff Raise Concerns About Regulator Inquiries

Sources say Morgan Stanley has received at least six information requests from FINRA, the most recent arriving in recent weeks. Some employees reportedly expressed concerns over whether the responses submitted to FINRA were accurate and complete. In at least one case, the bank was forced to resubmit data after regulators found the initial documents to be “incomplete.”

💬 Bank Statement and Remediation Efforts

A spokesperson told the WSJ that the bank has heavily invested in compliance programs across all areas. They emphasized that such regulatory reviews are not unusual and do not necessarily indicate a failure of internal systems.
Nevertheless, Morgan Stanley is restructuring its AML systems, especially after the Federal Reserve labeled its risk management practices as “weak.” Efforts include closing thousands of accounts and scaling back operations in parts of Latin America.

👁️ Doubts From Other Regulators

While the Fed reportedly praised the bank’s customer vetting practices on E*Trade, other agencies remain skeptical. The Office of the Comptroller of the Currency (OCC) allegedly found that thousands of wealth management accounts lacked enhanced due diligence (EDD) — a required process for high-risk clients. These checks must be performed regularly and thoroughly documented.

🧾 Summary
Morgan Stanley is under mounting pressure from regulators amid allegations of insufficient anti-money laundering controls. Despite ongoing efforts to improve internal procedures and strengthen compliance frameworks, new evidence suggests systemic vulnerabilities remain. The ongoing investigations by FINRA and multiple federal agencies could have serious implications for the bank’s reputation and operations.

#MoneyLaundering , #SEC , #Fed , #worldnews , #MorganStanley

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“