- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
Powell: Under Investigation for Linking Fed's Rate to Economic Assessment, Not Political Will
BlockBeats News, January 12th, Federal Reserve Chair Powell responds to criminal investigation. Powell stated that the U.S. Department of Justice threatened criminal prosecution last Friday regarding his June testimony to the Senate, which involved the renovation of the Fed's headquarters. A grand jury subpoena was delivered last Friday. The new threat is unrelated to his testimony or the renovation project; it is just an excuse. The potential criminal charges stem from the Fed basing its interest rates on economic assessment rather than political will. The key question going forward is whether the Fed's rate decisions will continue to be evidence-based or succumb to political influence and coercion.
Powell stated that he has consistently carried out his duties impartially and will continue to do so. While respecting legal authority, facing criminal charges is unprecedented, signaling a broader threat from the current U.S. administration to the Fed.
You may also like
Stores of Value: Gold and Silver Once Again Lead Global Asset Charts
Key Takeaways: Gold and silver have retaken their positions as the top assets by market capitalization, highlighting their…
Key Macro Events and Crypto Whale Movements This Week
Key Takeaways Upcoming releases of key U.S. economic data on unemployment and non-farm payrolls could significantly impact markets.…
Is a Stablecoin Considered Cash? Accounting Standards for Stablecoins May Be Adjusted Post-Genius Bill
The US can't control Latin America, so they took out Maduro
Fed's Latest Meeting Minutes: Divergence Persists, But "Most" Officials Advocate Continued Rate Cuts
The Eve of a Federal Pivot: Evaluating the Looming Change in the U.S. Central Bank
Key Takeaways Investors are gearing up for potential changes in Federal Reserve policy, with concerns about independence and…
Announcement: The Fed to Release Minutes of its Monetary Policy Meeting Soon
Key Takeaways The Federal Reserve is anticipated to disclose the minutes from its latest monetary policy meeting, offering…
The Fed’s Monetary Policy Minutes and the Crypto Trading Insights
Key Takeaways The Federal Reserve is set to disclose the minutes from its recent monetary policy meeting, highlighting…
The Eve of a Fed Pivot: Wall Street Girds for Rate Battle Without 'Powell'
Coinbase CEO Declares Opposition to Reopening the GENIUS Act: A Clash with Bank Lobbying
Key Takeaways: Coinbase CEO Brian Armstrong criticizes banks for lobbying to reopen the GENIUS Act, seeing it as…
Fed’s ‘Skinny’ Accounts Aim to End Operation Chokepoint 2.0 — Insights from Senator Lummis
Key Takeaways: The Federal Reserve’s proposal to offer “skinny” master accounts to crypto companies is seen as a…
Whale Effect? Stablecoins are Not Really the Enemy of Bank Deposits
On the Eve of a Significant Dollar Devaluation, Bitcoin is Poised for the Final Spark
Don’t Call it QE: Fed’s $40 Billion Move May Not Revive Crypto Market
Key Takeaways The Federal Reserve’s announcement of purchasing $40 billion in short-term Treasury bills aims to maintain liquidity…
Central Bank Week and Crypto Market Volatility: How Interest Rate Decisions Shape Trading Conditions on WEEX
Interest rate decisions by major central banks such as the Federal Reserve are significant macroeconomic events impacting global financial markets, directly influencing market liquidity expectations and risk appetite. As the cryptocurrency market continues to develop and its trading structure and participants mature, the crypto market is gradually being incorporated into the macroeconomic pricing system.
U.S. Bank Industry Embraces Blockchain Transition
Key Takeaways The U.S. banking sector is transitioning towards blockchain technology as regulatory discussions turn into implementation. The…
Fed Chair Candidate Upsets Expectations, Powell Surges Ahead: Will "Rate Cuts + Balance Sheet Reduction" Become the New Main Theme?
Key Market Information Discrepancy on December 16th - A Must-Read! | Alpha Morning Report
Stores of Value: Gold and Silver Once Again Lead Global Asset Charts
Key Takeaways: Gold and silver have retaken their positions as the top assets by market capitalization, highlighting their…
Key Macro Events and Crypto Whale Movements This Week
Key Takeaways Upcoming releases of key U.S. economic data on unemployment and non-farm payrolls could significantly impact markets.…
Is a Stablecoin Considered Cash? Accounting Standards for Stablecoins May Be Adjusted Post-Genius Bill
The US can't control Latin America, so they took out Maduro
Fed's Latest Meeting Minutes: Divergence Persists, But "Most" Officials Advocate Continued Rate Cuts
The Eve of a Federal Pivot: Evaluating the Looming Change in the U.S. Central Bank
Key Takeaways Investors are gearing up for potential changes in Federal Reserve policy, with concerns about independence and…
App