BREAKING >>> Trump spars with Powell over renovation costs during Fed visit, but says not ‘necessary’ to fire chairman
Trump: It looks like it’s about $3.1 billion Powell: I’m not aware of that. Trump: It just came out Powell: You just added in a third building Trump: It’s a building that’s being built Powell: It was built five years ago. Source: @SpencerHakimian
The betting odds of Trump getting impeached again are back to all time highs following the Epstein List news today.
According to the WSJ, The Justice Department told President Trump in May that his name is among many in the Epstein files. Source: Kalshi, SpencerHakimian
The US president will spend about an hour at the central bank, as he looks to pressure its chair Jay Powell to cut interest rates more aggressively.
Source: FT
US housing affordability has NEVER been worse:
House prices have outpaced median income growth over the last 40 years. Median house price is now 5.3 TIMES larger than the annual median US income. By comparison, in the 1980s, the difference was 3.6x. Source: Global Markets Investor, Statista
Anthony Pompliano:
"Technologists make prices go down, while the government makes prices go up".
Goldman:
"Market participants seem to agree that the risk to Fed independence is rising, as 5-year 5-year forward inflation swaps have recently decoupled higher from their prior close relationship with the 2-year note yield." Source: Nick Timiraos
PRESIDENT TRUMP JUST SAID:
- WE ARE THINKING ABOUT NO TAXES ON CAPITAL GAINS ON HOUSES Source: Evan
Breaking news:
The US House Speaker has shut the congressional chamber until September, as Donald Trump’s allies seek to contain a spiralling crisis over the administration’s handling of the Epstein case. Source: FT
