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Legal Shockwave: Trump Administration’s Indictment Threat Intensifies Standoff With Fed Chair Powell

                                                       Federal Reserve Chair Jerome Powell A dramatic new chapter has opened in the long‑running conflict between President Donald Trump and Federal Reserve Chair Jerome Powell. Powell disclosed that the Department of Justice issued grand jury subpoenas to the Federal Reserve and warned him of a potential criminal indictment tied to his testimony before the Senate Banking Committee last June. The testimony in question involved a US$2.5 billion renovation project for Federal Reserve office buildings—an initiative the Trump administration has repeatedly criticized as excessive. Powell described the legal move as a pretext aimed at pressuring the central bank to cut interest rates more aggressively, a demand Trump has made for years. The threat marks an unprecedented escalati...
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Market Surge Continues: Dow, S&P 500, Nasdaq Rally as Bitcoin Hits Record High

 

The stock market continued its impressive rally today, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posting gains. Investors remain optimistic following recent economic developments and policy changes.

Key Highlights:

  • Dow Jones Industrial Average: Up approximately 0.6%, leading the charge among major indices.
  • S&P 500: Increased by 0.3%, continuing its upward trajectory.
  • Nasdaq Composite: Also rose by 0.3%, driven by strong performances in the tech sector.

Adding to the market’s exuberance, Bitcoin surged past $82,000 for the first time, reflecting growing confidence in the cryptocurrency market. This milestone comes amid high hopes for a more crypto-friendly regulatory environment.

Investors are now looking ahead to upcoming consumer inflation data, which could provide further insights into the Federal Reserve’s future policy moves. The recent rate cut by the Fed has already fueled market optimism, but concerns about potential inflationary pressures remain.

Overall, the market’s positive momentum shows no signs of slowing down, with both traditional stocks and cryptocurrencies benefiting from the current economic climate.


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