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Can President Trump fire Fed Chairman Jerome Powell?
Whether President Donald Trump can fire Federal Reserve Chairman Jerome Powell is a complex issue involving legal, political, and the independent structure of the Fed. To understand this issue, we will delve into analyzing several aspects as follows:
Under U.S. law, the President does not have the authority to directly fire the Chairman of the Fed at will. Specifically:
The Federal Reserve Act stipulates that members of the Fed's Board of Governors, including the Chairman, are appointed for fixed terms (4 years for the Chairman, 14 years for board members). They can only be removed "for cause," meaning there must be serious misconduct, such as corruption, legal violations, or failure to adequately perform their duties.
Under U.S. law, the President does not have the authority to directly fire the Chairman of the Fed at will. Specifically:
The Federal Reserve Act stipulates that members of the Fed's Board of Governors, including the Chairman, are appointed for fixed terms (4 years for the Chairman, 14 years for board members). They can only be removed "for cause," meaning there must be serious misconduct, such as corruption, legal violations, or failure to adequately perform their duties.
Bitcoin ($BTC ) is currently trading around $101,035, after reaching a daily high of $101,035 and a low of $94,689. In the past 24 hours, BTC has increased by approximately 5.62%.
Technical indicators like RSI suggest that BTC is entering overbought territory, hinting at a potential short-term correction. However, trading volume remains high, indicating strong market interest.
On the 4-hour chart, the EMA 20 and EMA 50 are showing signs of convergence, signaling a consolidation phase before a possible significant move. If BTC breaks above the $102,000 resistance level with strong volume, the next target could be $105,000. Conversely, if it falls below the $98,000 support level, a short-term downtrend may occur.
Investors should closely monitor key price levels and market indicators to adjust their strategies accordingly, as the cryptocurrency market remains highly volatile and carries significant risks.
Do you predict that BTC will continue to rise or undergo a correction in the near term? Share your opinion!
#BTC100K! #Share1BNBDaily
Technical indicators like RSI suggest that BTC is entering overbought territory, hinting at a potential short-term correction. However, trading volume remains high, indicating strong market interest.
On the 4-hour chart, the EMA 20 and EMA 50 are showing signs of convergence, signaling a consolidation phase before a possible significant move. If BTC breaks above the $102,000 resistance level with strong volume, the next target could be $105,000. Conversely, if it falls below the $98,000 support level, a short-term downtrend may occur.
Investors should closely monitor key price levels and market indicators to adjust their strategies accordingly, as the cryptocurrency market remains highly volatile and carries significant risks.
Do you predict that BTC will continue to rise or undergo a correction in the near term? Share your opinion!
#BTC100K! #Share1BNBDaily
Peter Thiel’s Founders Fund recently co-led an $85 million seed investment in , an ambitious new platform for open-source AI development. Sentient is being built on Polygon’s blockchain network, marking a shift for #Polygon into AI. Sandeep Nailwal, Polygon’s co-founder, is actively involved, and the platform aims to make advanced AI tools accessible to everyone—moving away from the model where only major players like Google control AI tech. With funds from investors like Pantera Capital, Sentient will develop its platform, bring on AI and blockchain talent, and roll out a testnet later this quarter.
#Sentient #poligon #AI $POL
#Sentient #poligon #AI $POL
The FBI Makes a Bold Move by Creating Its Own Token to Catch Market Manipulators
In their latest investigation targeting Market Makers (MMs) involved in pump-and-dump schemes, the FBI created a token called NexFundAI on the Ethereum network to “lure the sharks.”
After launching NexFundAI, the FBI posed as a project in need of MMs and hired the very individuals under investigation. This allowed them to effortlessly gather evidence of market manipulation activities.
As a result, four crypto companies—Gotbit, ZM Quant, CLS Global, and MyTrade—along with 14 individuals have been
After launching NexFundAI, the FBI posed as a project in need of MMs and hired the very individuals under investigation. This allowed them to effortlessly gather evidence of market manipulation activities.
As a result, four crypto companies—Gotbit, ZM Quant, CLS Global, and MyTrade—along with 14 individuals have been
There are about 5 hours left until the Federal Reserve announces the interest rates, and the Fed's press conference will take place 30 minutes after that.
With the recent CPI inflation data, it means that we have had two consecutive months of declining CPI, and the probability of an interest rate cut in September has increased to 61%.
#TopCoinsJune2024 #binance $BTC $ETH $BNB
With the recent CPI inflation data, it means that we have had two consecutive months of declining CPI, and the probability of an interest rate cut in September has increased to 61%.
#TopCoinsJune2024 #binance $BTC $ETH $BNB
Tonight at 8 PM, $STRK will be listed on the exchanges.
For entry trades, consider a range between 1.8 and 2 as a reference.
When facing FUD like this, we might need to pump a wave to steer everyone back to focusing on the technology, similar to what SEI has done before.
#Write2Earn #Pump
For entry trades, consider a range between 1.8 and 2 as a reference.
When facing FUD like this, we might need to pump a wave to steer everyone back to focusing on the technology, similar to what SEI has done before.
#Write2Earn #Pump
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Tradecoin experience #1
Write some things for those new to the market, often allin market:
The root peg in crypto trading is like the braking system of a car, it does not increase speed but allows us to be more confident when going fast and far.
Capital management in the crypto market is like the suspension system of a car, it does not increase speed when the market is flat, but helps us feel more comfortable when the market adjusts.
The root peg in crypto trading is like the braking system of a car, it does not increase speed but allows us to be more confident when going fast and far.
Capital management in the crypto market is like the suspension system of a car, it does not increase speed when the market is flat, but helps us feel more comfortable when the market adjusts.
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