Treasury Secretary Bessent Signals Fed Shake-Up

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News Date: April 18, 2025

💥 June 30, 2025: Scott Bessent says the White House is actively working to select Jerome Powell's replacement in the coming weeks. When asked about stepping into the role himself, Bessent said: “I will do what the President wants.”
🏛 June 27, 2025: President Trump calls for Fed Chair Jerome Powell to resign. Trump: I'd love for him to resign… He’s done a lousy job.
🏦 June 25, 2025: President Trump has begun interviewing candidates to replace Federal Reserve Chair Jerome Powell. "I know within three or four people who I’m going to pick," he stated Wednesday.
🏛️ June 21, 2025: Trump posted: maybe, I’ll have to change my mind about firing him? But regardless, his Term ends shortly!
🏛️ June 18, 2025: President Trump ramps up attacks on Fed Chair Jerome Powell — and half-jokingly suggests appointing himself to lead the Federal Reserve. "I’d do a better job," he quipped, fueling speculation and headlines alike.
🏛️ June 7, 2025: President Donald Trump announced that a decision on the next Federal Reserve chair is coming “very soon.” Speaking aboard Air Force One, Trump reiterated his stance that a strong Fed leader would lower interest rates. Kevin Warsh is seen as the frontrunner, as Trump continues to criticize current Chair Jerome Powell’s rate policy.
May 20, 2025: A reported court ruling has sparked speculation that President Trump could have the authority to remove Federal Reserve Chair Jerome Powell, potentially paving the way for interest rate cuts. However, no official sources confirm this ruling, and legal protections under the Federal Reserve Act suggest Powell’s position remains secure absent misconduct. Stay tuned for verified updates!
President Donald Trump, who nominated Jerome Powell to lead the Federal Reserve in 2017, recently stated he has “no intention” of firing the central bank chair before his term ends in 2026. This marks a shift from Trump’s escalated rhetoric, where he hinted at the unprecedented step of ousting him over disagreements on interest rate policies. Trump’s push for lower rates to counter his tariff-driven economic agenda has clashed with Powell’s warnings of potential inflation and slower growth. Despite the de-escalation, which calmed markets, Trump’s continued pressure suggests the Fed’s independence remains under strain as he tests the limits of his influence.
Trump’s frustration centers on the Fed’s refusal to cut interest rates, which he says hinders growth.
Powell, whose term lasts until May 2026, has stressed the Fed’s independence. Removing him would require proving misconduct, a legal challenge no president has won. The move could test the Fed’s autonomy.

Trump Unveils Economic Strategy on FOX Business

In an interview with FOX Business, former President Trump outlined his plans to rejuvenate the U.S. economy:
Taxes: Trump highlighted his past tax cuts, claiming they led to increased revenue and economic growth. He reiterated support for tax-free tipped wages and suggested that further tax cuts could stimulate the economy and aid in debt reduction.
Tariffs: Trump proposed a reciprocal tariff policy, where the U.S. would impose equivalent tariffs on countries that impose tariffs on American goods. He argued that this strategy would protect U.S. interests and address trade deficits with countries that he claims mistreat the U.S., including both adversaries and allies.
Electric Vehicles (EVs): Trump criticized the push for all-electric cars, pointing out dependency on China for EV production and advocating for a mixed approach that includes hybrids and gasoline-powered vehicles. He argued that while electric cars have their place, they are currently too expensive and impractical for widespread use.
Cryptocurrency: Trump sees a significant potential for cryptocurrency in the U.S. economy, criticizing the Biden administration's approach to regulation. He believes that embracing crypto could position the U.S. as a global leader in this emerging market.
Overall, Trump's economic plan focuses on reducing government waste, implementing strategic tax and tariff policies, diversifying the automotive industry, and embracing technological innovations like cryptocurrency to boost national economic growth and security.

Happy birthday, mister President!

President Donald Trump celebrates his 75th birthday today, June 14.
In the United States, Flag Day is celebrated on June 14. It commemorates the adoption of the flag of the United States on June 14, 1777.
Happy birthday, President Trump! Have a good one! You are going to be a winner in Arizona today.
Sources: thegatewaypundit.com

FED takeover hinted by the US Debt Clock

Very interesting US Debt Clock Secret Window on November 14:
This secret window has the quotes of Thomas Edison and next The Federal Reserve System seal saying Federal 'Usury' System.
We also see the 1922 20$ Gold Certificate (and physical coins) which would be valued at about 314$ today.
But the most important suggestion: at the base of the concealed window on the Usdebtclock, rests a dial adorned with a luminous green light, positioned precisely amidst the Federal Reserve System seal and the US Treasury 1776 seal.
This seemingly symbolic arrangement signifies a transition or progression from one system to another, hinting at the shift or movement from the jurisdiction or operations of the Federal Reserve System towards those governed by the US Treasury.

Ripple effect. Ripple Partners with biggest Central Banks

Ripple Partners with Largest Financial Institution in Africa and Middle East.
Qatar National Bank and Ripple partner to enhance Global Cross-Border payments.
The national bank of Qatar is the biggest banking institution in Africa and the MENA region.
Fed Reserve Adopts ISO 20022 Format for Payments That Ripple Is Compliant With.
The Federal Reserve Board on Monday announced that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service.
Ripple also partnered with UAE, South Korea, Bhutan, Saudi Arabia and blueprints to modernize Europe's payments infrastructure.
Sources: u.today, u.today

A Monetary System as Good as Gold

The gold standard provides a better anchor for inflation expectations without an obvious cost in terms of lower output or higher unemployment.
The gold standard isn't perfect. No system is. But it has many virtues. A strong case can be made that it's the best of all feasible institutional alternatives. Lawrence White, puts it: The gold standard is still the gold standard among monetary systems.
Source: www.aier.org