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Is the Constraint of Reputation and Trust Still Effective in an Increasingly Murky Market?
Share link:In this post: Trump launched a new crypto venture where he profits early and his supporters lose money again. His past projects—Truth Social, $Trump, $Melania, and NFTs—left late investors with major losses. The new WLFI token offers no profits or ownership but funnels 75% of sale proceeds back to Trump.
Share link:In this post: Jerome Powell hinted at a possible September rate cut but admitted the Fed is facing a “challenging situation.” Fed officials are divided over inflation, weak hiring, and whether to cut rates now or wait. Trump threatened to fire Governor Lisa Cook and continues to pressure the Fed to lower rates.
Share link:In this post: Only 37% of Americans trust Powell to manage the economy, near record-low levels. Powell hinted at upcoming interest rate cuts during his final Jackson Hole speech. Trump attacked Fed official Lisa Cook and installed loyalists to reshape the central bank.
- 19:15Fitch: The Federal Reserve is fully supporting employment and will tolerate higher inflation in the short termAccording to Golden Ten Data, Olu Sonola, Head of U.S. Economic Research at Fitch, stated that the Federal Reserve is now fully supporting the labor market and has made it clear that it will enter a decisive and aggressive rate-cutting cycle in 2025. The message is very clear: growth and employment are the top priorities, even if this means tolerating higher inflation in the short term.
- 19:08Powell: The Federal Reserve Shifts Policy Focus from Inflation to EmploymentAccording to ChainCatcher, citing Golden Ten Data, Federal Reserve Chairman Powell emphasized that, given signs that the labor market is "truly cooling," the Fed is inclined to achieve "maximum employment" in its dual mandate. He pointed out that since April, the risk of persistently high inflation has decreased, partly due to a slowdown in job growth. At the same time, downside risks in the labor market have increased, and the number of new jobs appears to be below the "breakeven rate" needed to maintain the unemployment rate.
- 18:59Powell: The Tension Between Slowing Economic Growth and High InflationChainCatcher news, according to Golden Ten Data, Federal Reserve Chairman Powell discussed the factors behind the Fed's 25 basis point rate cut at a press conference. He pointed out that economic growth slowed in the first half of this year, while inflation has risen and remains at a high level. Powell also mentioned that downside risks to employment have increased and described the labor market as "lackluster and weak."