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Trump: Jerome “Too Late” Powell must now lower the rate; to pursue lawsuit against Powell
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*TRUMP: CONSIDERING ALLOWING A MAJOR LAWSUIT AGAINST POWELL
— Nour Eldeen Al-Hammoury (@NourHammoury) August 12, 2025
*TRUMP: CONSIDERING POWELL LAWSUIT OVER FED BUILDING MANAGEMENT
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From breakingthenews.net|Aug 12, 2025The price of the world's biggest cryptocurrencies rose on Tuesday, with Ethereum soaring over 4% and reaching its highest value since December 2021. The rally comes following the ...
From bls.gov|Aug 12, 2025|82 commentsThe Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in July, after rising 0.3 percent in June, the U.S. Bureau of Labor ...
From financefeeds.com|Aug 12, 2025Bitcoin and Ethereum have become the main buzz in the market, as both assets are close to reaching new all-time highs — the former above $123,000 and the latter above $4,890. The ...
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From richmondfed.org|Aug 12, 2025|1 commentThank you for having me here. As Jennie mentioned in that kind introduction, I spend a lot of my time meeting with business and community leaders to understand the regional and national economy. I take those learnings to Washington, D.C., to help inform the monetary policymaking process. The health care sector is a major engine behind the U.S. economy, so I’m interested to learn more about what you’re seeing. To set the stage, I’ll briefly share my own thoughts on the broader economy, but then I look forward to hearing from you. These thoughts are mine alone and not necessarily those of anyone else on the Federal Open Market Committee (FOMC) or in the Federal Reserve System. Improved Visibility Over the last several months, I’ve been saying, “It’s really hard to drive when it’s foggy.” In the context of high uncertainty about the implications of government policy changes, businesses have been on pause. They haven’t wanted to press on the gas; who knows what lies around the next curve. They also haven’t wanted to slam on their brakes; someone could run into them. So, I like to describe them as pulled over, with their hazards on, waiting for more clarity. This hesitation, present among consumers as well, appears to have quieted the economy’s momentum. GDP growth slowed to 1.2 percent in the first half of the year, down from 2.5 percent last year. Job gains have also slowed, with the three-month average down to 35,000 (less than a third of the average 127,000 added in February through April). But the fog is lifting. The tax bill has passed. Net immigrati RICHMOND FED’S BARKIN: MAY WELL SEE PRESSURE ON INFLATION AND UNEMPLOYMENT, BALANCE BETWEEN THE TWO IS UNCLEAR Fed's Barkin: Employment could take a hit if consumers do pull back, but hopeful large layoffs will be avoided. BARKIN Says Spending Has Eased, But A Major Cut Is Unlikely Due To Low Joblessness And Continuing Wage Growth RICHMOND FED'S BARKIN/CHICAGO: BALANCE OF PRESSURE ON INFLATION AND EMPLOYMENT 'STILL UNCLEAR;' FED POLICY WELL POSITIONED TO REACT #Barkin #FederalReserve #economy
From @realDonaldTrump|Aug 12, 2025|18 comments
Trillions of Dollars are being taken in on Tariffs, which has been incredible for our Country, its Stock Market, its General Wealth, and just about everything else. It has been proven, that even at this late stage, Tariffs have not caused Inflation, or any other problems for America, other than massive amounts of CASH pouring into our Treasury’s coffers. Also, it has been shown that, for the most part, Consumers aren’t even paying these Tariffs, it is mostly Companies and Governments, many of them Foreign, picking up the tabs. But David Solomon and Goldman Sachs refuse to give credit where credit is due. They made a bad prediction a long time ago on both the Market repercussion and the Tariffs themselves, and they were wrong, just like they are wrong about so much else. I think that David should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ, and not bother running a major Financial Institution. Donald Trump Said "Goldman, David Solomon Wrong On Tariff Impacts On Market" TRUMP: CONSUMERS AREN'T EVEN PAYING THESE TARIFF Trump: Tariffs have not caused inflation or any other problems for the nation – Truth Social.
From think.ing.com|Aug 12, 2025|2 commentsUS July Consumer Price Inflation came in largely as expected with headline CPI rising 0.2% month-on-month/2.7% year-on-year and core rising 0.3% MoM/3.1% YoY. The details show ...
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