$BNB U.S. Federal Reserve Chair Jerome Powell made significant statements regarding the new tariff measures announced by President Donald Trump. Powell noted that the new tariff regime, declared by Trump on April 2 and set to take effect on April 5, could have a much greater impact on the U.S. economy than previously estimated, increasing both inflation and unemployment risks. “Although uncertainty remains high, we now see that the tariffs may not only lead to a temporary price increase but also result in structural consequences that could slow down economic growth,” Powell said. Highlighting that the effects of the tariffs could be “permanent,” Powell emphasized that the Fed’s responsibility is to maintain long-term price stability and prevent this process from spiraling into uncontrolled inflation. As part of Trump’s decisions, the total tariff rate on China will rise to 54%, while the European Union will face a 20% rate, Japan 24%, India 26%, South Korea 25%, Taiwan 32%, Thailand 36%, and Vietnam 46%. In retaliation, China announced it would impose an additional 34% tax on goods imported from the U.S. As the global trade war escalates, markets are growing increasingly uneasy. Powell stated that these developments have increased uncertainty in financial markets and created a complex picture for Fed monetary policy. “If the economy slows down, a rate cut may be considered, but rising prices make this decision more difficult,” he said. Trump, on the same day, took to the social media platform Truth Social and directly addressed Powell, saying, “Now is the perfect time to cut rates. Don’t be late!” continuing to apply pressure.
#DiversifyYourAssets U.S. Federal Reserve Chair Jerome Powell made significant statements regarding the new tariff measures announced by President Donald Trump. Powell noted that the new tariff regime, declared by Trump on April 2 and set to take effect on April 5, could have a much greater impact on the U.S. economy than previously estimated, increasing both inflation and unemployment risks. “Although uncertainty remains high, we now see that the tariffs may not only lead to a temporary price increase but also result in structural consequences that could slow down economic growth,” Powell said. Highlighting that the effects of the tariffs could be “permanent,” Powell emphasized that the Fed’s responsibility is to maintain long-term price stability and prevent this process from spiraling into uncontrolled inflation. As part of Trump’s decisions, the total tariff rate on China will rise to 54%, while the European Union will face a 20% rate, Japan 24%, India 26%, South Korea 25%, Taiwan 32%, Thailand 36%, and Vietnam 46%. In retaliation, China announced it would impose an additional 34% tax on goods imported from the U.S. As the global trade war escalates, markets are growing increasingly uneasy. Powell stated that these developments have increased uncertainty in financial markets and created a complex picture for Fed monetary policy. “If the economy slows down, a rate cut may be considered, but rising prices make this decision more difficult,” he said. Trump, on the same day, took to the social media platform Truth Social and directly addressed Powell, saying, “Now is the perfect time to cut rates. Don’t be late!” continuing to apply pressure.
#PowellRemarks U.S. Federal Reserve Chair Jerome Powell made significant statements regarding the new tariff measures announced by President Donald Trump. Powell noted that the new tariff regime, declared by Trump on April 2 and set to take effect on April 5, could have a much greater impact on the U.S. economy than previously estimated, increasing both inflation and unemployment risks. “Although uncertainty remains high, we now see that the tariffs may not only lead to a temporary price increase but also result in structural consequences that could slow down economic growth,” Powell said. Highlighting that the effects of the tariffs could be “permanent,” Powell emphasized that the Fed’s responsibility is to maintain long-term price stability and prevent this process from spiraling into uncontrolled inflation. As part of Trump’s decisions, the total tariff rate on China will rise to 54%, while the European Union will face a 20% rate, Japan 24%, India 26%, South Korea 25%, Taiwan 32%, Thailand 36%, and Vietnam 46%. In retaliation, China announced it would impose an additional 34% tax on goods imported from the U.S. As the global trade war escalates, markets are growing increasingly uneasy. Powell stated that these developments have increased uncertainty in financial markets and created a complex picture for Fed monetary policy. “If the economy slows down, a rate cut may be considered, but rising prices make this decision more difficult,” he said. Trump, on the same day, took to the social media platform Truth Social and directly addressed Powell, saying, “Now is the perfect time to cut rates. Don’t be late!” continuing to apply pressure.
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#BinanceEarnYieldArena Canadian Bitcoin mining company Bitfarms secured up to $300 million in private debt from Australian multinational investment firm Macquarie to fund its data center development. Bitfarms has reached an initial agreement for a private debt facility of up to $300 million from Macquarie Equipment Capital to support its Panther Creek data center project in Pennsylvania. In an April 2 press release, the Canadian crypto mining company said that the first tranche of the loan is $
#TradersBootCamp The program spans multiple weeks to provide trading education for individuals of varying expertise levels along with benefits and skill development opportunities
Binance introduces its Traders Boot Camp to users spanning 260 million around the world from the United Arab Emirates at 2:00 am on March 4th 2025 UTC time. The Binance Traders Boot Camp delivers consecutive trading events that assist beginner through intermediate traders to develop their skills and win rewards as they join competitions to claim portions from a $1 million prize fund.
Strong worldwide demand for better learning resources led Binance to establish its Traders Boot Camp initiative. Binance’s broad crypto product selection integrates with the event to help users improve their trading experience through hands-on participation.
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