Cointime

Cointime

Download App
iOS & Android
Home / Point

Trump Suggests Waller's Work at the Fed is Challenging, Continues Attempts to Oust 'Difficult' Members

On July 3, following the latest U.S. employment report, President Trump, in an interview, declined to offer advice to Federal Reserve Chairman Waller, stating that the new chairman 'must do what he has to do.' Trump remarked, 'Waller has a board that may be somewhat hostile, and unfortunately, this board may want to do the wrong things.' Trump also mentioned that he would continue to push for the dismissal of Fed board member Cook by 'winning lawsuits.' Trump has long favored lowering interest rates.

Comments

All Comments

Recommended for you

  • Cointime精选 ·

    From User Journey to Consumption Loop: Understanding UniKey’s Product Logic and the Three Core Use Cases of KEY

    From User Journey to Consumption Loop: Understanding UniKey’s Product Logic and the Three Core Use Cases of KEY

  • US Spot Ethereum ETF Sees $29.1 Million Net Inflow Yesterday

    On July 3, according to monitoring by Trader T, the US spot Ethereum ETF had a net inflow of $29.1 million yesterday.

  • US Spot Bitcoin ETF Sees $221.72 Million Net Inflow Yesterday

    On July 3, according to monitoring by Trader T, the US spot Bitcoin ETF had a net inflow of $221.72 million yesterday.

  • Cathie Wood: June Non-Farm Payrolls Do Not Indicate Economic Recession, Issues Lie with Economic Data

    On July 3, Cathie Wood, founder and CEO of ARK Invest, stated in this month's "In The Know" program that the June non-farm payroll report is filled with recession signals, but she disagrees. "If you only look at this employment report, you would think the U.S. is already in a recession." Despite a reduction of about 500,000 in household employment and non-farm payroll additions being only half of market expectations, Cathie Wood believes that the real issue is not the U.S. economy itself, but the economic data. Cathie Wood interpreted five key reform areas for the Federal Reserve proposed by former Fed governor candidate Kevin Warsh, including: Reducing market noise caused by frequent public speeches from Fed officials; Using data from private institutions to cross-verify potentially biased government statistics; Promoting greater transparency and decision-making efficiency within the Fed. Cathie Wood also noted that real-time data from Trueflation shows that the current overall inflation rate in the U.S. is only 1.75%, less than half of the official 4.2% CPI figure. This suggests that the yield on 10-year U.S. Treasuries may decline further; the current performance of the yield curve is very similar to that during the Industrial Revolution, reflecting that the market is preemptively sensing the risk of deflation.

  • ETH Falls Below $1700

    Market data shows that ETH has fallen below $1700, currently priced at $1699.76, with a 24-hour increase of 5.05%. The market is experiencing significant volatility, so please ensure proper risk management.

  • SEC Chairman: Promoting Market Shift to On-Chain in Response to Trump's Call for U.S. Crypto Capital

    On July 3, SEC Chairman Paul Atkins delivered a speech at the Economic Club of New York, clearly stating that the SEC is responding to President Trump's call to make the U.S. the global cryptocurrency capital. Through a strategic initiative called 'Project Crypto,' the SEC is taking historic steps to modernize rules and regulations to facilitate the market's shift to on-chain. Paul Atkins announced that after years of ambiguity, the SEC has provided the long-sought clarity for digital asset issuers. Investors and entrepreneurs can now know whether a particular digital asset is considered a security and thus subject to SEC regulation before taking action. Atkins emphasized that this is not a favor to the industry; it is necessary for the normal functioning of the market: clear rules applied equally. This statement marks a formal shift under Atkins' leadership from a past focus on enforcement to providing a forward-looking regulatory framework aimed at bringing crypto innovation back to the U.S.

  • Bitcoin Surpasses $62,000, Cryptocurrency Stocks Rally

    On July 2, cryptocurrency-related stocks saw widespread gains, with Strive rising over 11%, Strategy nearly 10%, Circle over 9%, and Robinhood and Coinbase both increasing by over 8%. Bullish rose more than 6%, while Canaan Inc. and MARA Holdings gained over 5%. Trump Media Technology Group and Bit Digital both saw increases of over 4%. In news, Bitcoin rebounded, approaching the $62,000 mark, with a nearly 5% surge in the past 24 hours.

  • Spot Gold Surpasses $4,140

    On July 2, spot gold surpassed $4,140 per ounce, rising 2.71% during the day.

  • Anthropic in Talks with Samsung for Custom AI Chips

    According to three individuals directly familiar with the project, Anthropic has begun developing its own AI chips and is in negotiations with Samsung Electronics as a potential manufacturing partner, following in the footsteps of competitor OpenAI in an attempt to gain more control over the expensive computing systems behind its models. If the maker of Claude continues to advance this chip, it will be relatively new compared to other companies in the development of its own AI server chips.

  • Spot Silver Reaches $62

    On July 2, spot silver touched $62 per ounce, marking the first time since June 24, with an intraday increase of nearly 5%.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company