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Trump’s Tussle With the Fed Could Be Bitcoin Catalyst
President Trump really doesn’t like Federal Reserve Chair Jerome Powell. Over the weekend, the Justice Department made clear Powell is the target of an investigation pertaining to his congressional testimony and the central bank’s plans to build a new $2.5 billion headquarters. In potentially good news for ETFs such as the Coinshares Valkyrie Bitcoin Fund (BRRR), assuming the Trump/Powell rift labors on, bitcoin traded slightly higher Monday. That could be a sign the largest cryptocurrency is a shelter-from-the-storm play as the White House intensifies efforts to remove Powell from his leadership post. Entering ... (full story)
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President Donald Trump on Tuesday slammed Federal Reserve Chair Jerome Powell as either “incompetent” or “crooked,” even as his Department of Justice faces growing opposition over its criminal investigation into the central bank leader. Trump threw his latest punch at Powell after being asked whether the unprecedented action undermines confidence in the ...
President Donald Trump said he would announce his nomination to replace Federal Reserve Chair Jerome Powell within “the next few weeks” despite the backlash over a Justice Department probe into the remodeling of the central bank’s headquarters that has threatened his ability to secure a confirmation. Trump was asked about his plans during a factory tour in ...
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