Mr. Bescent, the US Treasury secretary, said on Wednesday he planned to push for a requirement that the 12 regional Fed presidents reside in their jurisdictions for at least three years before being appointed to lead them. Mr. Bescent said he would push for future appointments of candidates who did not meet that requirement, with the Fed's board of governors in Washington exercising veto power. "The Fed chairperson and the board of governors... have the final say on who is chosen to the boards o...
Chainlink CEO Sergey Nazarov met with U.S. SEC Chairperson Paul Atkins to discuss the path to compliance on the asset chain. Nazarov said the SEC is accelerating its push to include blockchain assets in existing securities regulations and expects to achieve full compliance by the middle of next year. The SEC recently issued a policy with the CFTC to support spot trading of specific crypto assets and launched the "Project Crypto" program. The Chainlink network has been used by the US Department o...
The former New York Federal Reserve president recently warned that the easing of trade tensions could easily become "Fed poison", making monetary policy more difficult to operate. He could only express "sympathy" to Powell. Click to view...
The reporter learned that Assistant to the President Stephen Miller said that President Trump ended all diversity, fairness and inclusion (DEI) policies within the federal government, fired all federal staff involved in enacting these policies, and reinstated the death penalty.
President Donald Trump said he would announce tariffs on cars, semiconductors, chips, pharmaceuticals and possibly wood within the next month or sooner.
President Trump: The auto tariff rate will be around 25%.
President Trump: Auto tariffs will come around April 2.
According to the Wall Street Journal, U.S. Vice President Vance said Thursday that the United States will impose sanctions and possibly military action on Russia if Russian President Vladimir Putin does not agree to a peace deal with Ukraine that guarantees its long-term independence. If Russia fails to negotiate in good faith, the option of sending U.S. troops to Ukraine remains "on the table."
President Trump has said he could cut defense spending in half.
Federal Reserve Chairperson Jerome Powell said he would not resign even if President Donald Trump asked for it.