News

According to the Financial Times, two Federal Reserve officials nominated by U.S. President Trump, Milan and Bowman, opposed Powell serving as the interim Fed chair “for an unlimited period.” Powell’s second term has ended, and he was appointed interim chair before the formal successor, Walsh, takes office. Milan voted against, and Bowman abstained. In their statement, they expressed support for Powell temporarily serving as interim chair, but believed the duration should be restricted to a clear and limited timeframe, with a maximum of one month.

The Polish parliament has approved a bill that places its crypto market under the EU MiCA framework and grants the Polish Financial Supervision Authority the power to supervise, sanction, and temporarily freeze crypto accounts and transactions. (CoinDesk)

Golden Ten Data, May 17 – According to a Saturday evening report by The Sun, UK Chancellor Reeves plans to announce next week that she will postpone the scheduled increase in motor fuel tax originally set for September. The temporary fuel tax reduction that began in 2022 was due to expire this September; if it ends, fuel prices would rise by 5 pence (about 6.6 cents) per liter. However, the UK government has already extended this tax reduction multiple times, with the most recent extension in the annual budget last November. The Sun reports that Reeves is preparing to extend this measure once again.