Powell gets temporary Fed chair role as Senate-confirmed Warsh prepares to take over

The Trump ethics fight over crypto is now the biggest obstacle to the CLARITY Act reaching 60 Senate votes. Analysts and lawmakers have identified the ethics provision as the CLARITY Act’s most consequential unresolved issue heading to the Senate floor.…

The CLARITY Act cleared the Senate Banking Committee 15 to 9 on May 14, but analysts say significant obstacles remain before it can become law. The CLARITY Act cleared the Senate Banking Committee in a 15 to 9 bipartisan vote…

The post Powell To Serve As Interim Fed Chair Until Warsh Takes Office appeared on BitcoinEthereumNews.com. Powell To Serve As Interim Fed Chair Until Warsh Takes Office Skip to content Home Crypto News Powell to Serve as Interim Fed Chair Until Warsh Takes Office Source: https://bitcoinworld.co.in/powell-interim-fed-chair-warsh/

Jerome Powell will remain Federal Reserve chair on a temporary basis as Kevin Warsh waits to take the oath. The board used a chair pro tempore designation after Warsh’s Senate confirmation left the leadership transfer unfinished. Powell Holds Temporary Fed Post as Warsh Awaits Oath The Federal Reserve Board announced on May 15 that Jerome […]

The interim appointment ensures stability and continuity at the Fed, minimizing market disruptions during the leadership transition period. The post Jerome Powell named interim Fed Chair until Kevin Warsh takes over appeared first on Crypto Briefing.

The CLARITY Act’s bipartisan 15–9 Senate Banking vote moves a bill that could finally split SEC–CFTC jurisdiction and give crypto its first bespoke market‑structure law, a16z argues. According to a16z, the CLARITY Act is designed to build a bespoke legal framework…

Powell's exit signals a pivotal shift in U.S. monetary policy, with Warsh's nomination potentially altering future economic strategies. The post Jerome Powell steps down as Fed Chair, spotlight on Kevin Warsh nomination appeared first on Crypto Briefing.

The post Gold sinks 2% as Iran war fuels fresh inflation shock appeared on BitcoinEthereumNews.com. Gold price retreats by over 2.30% on Friday amid fears that prolonged hostilities between the US and Iran could trigger a second wave of inflation, forcing central banks to hike interest rates. The XAU/USD trades at $4,551 after bottoming at around $4,511. XAU/USD slides as yields surge and Fed cuts vanish US Treasury yields are soaring, with the 10-year T-note coupon hitting yearly highs at 4.591%, up 10 basis points and poised to challenge the 2025 high of 4.627%. The Greenback has followed suit, as shown by the US Dollar Index (DXY), which tracks the performance of the American currency against the other six, up 0.33% to 99.19. Overnight news of US President Donald Trump revealing that he’s losing patience with Iran pushed Oil prices higher, amid speculation of a resumption of hostilities. US inflation data released on Tuesday and Wednesday had erased the chances of the Federal Reserv