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Trump's attempt to dismiss Powell or escalate market turmoil puts the Federal Reserve's independence to the test

ChainCatcher news, according to Politico, President Donald Trump is angry with Federal Reserve Chairman Jerome Powell for showing no signs of a rate cut in the near future. In a Truth Social post released on Thursday morning, Trump wrote that the "sooner he leaves, the better!"But for now, Powell's position seems relatively secure.Trump considered firing Powell during his first term—a move that is legally controversial—and if he attempts to do so again, it could exacerbate market instability. The markets have already become turbulent due to recent tariff shocks. Two individuals close to the White House revealed that Treasury Secretary Scott Bessent has emphasized this point multiple times within the White House, and they requested anonymity due to the sensitive nature of the discussions. Trump himself is also aware of the gravity of the situation. Investor confidence that the Federal Reserve will make decisions based on economic trends rather than short-term political pressure is key to maintaining the U.S.'s reputation in the global financial system.Allies within the White House believe that Trump's post on Thursday morning is more about trying to undermine Powell's position and casting him as a scapegoat for future economic issues, rather than an immediate move to fire him. Of course, nothing is ever certain with Trump; his allies also caution that he could change his mind in an instant and seriously pursue the idea of firing Powell.A White House spokesperson responded to related questions by stating that Trump's post on Truth Social should be taken as the standard. The U.S. Treasury did not immediately respond to a request for comment.

Trump's latest crypto project will be a real estate video game

ChainCatcher news, according to Fortune, Trump's latest crypto project will be a real estate video game, as President Trump enjoys Monopoly. In 1989, the real estate mogul launched "Trump: The Game," a variant of a board game themed around real estate. In 2006, he considered launching a reality show inspired by Monopoly. "I've always thought Monopoly was a great game," Trump told the New York Post when discussing the show, but the program ultimately did not materialize. Now, Trump's latest project will be a crypto game branded with the Trump name—according to two insiders, this game has a Monopoly-like feel.This planned real estate game will be the latest addition to Trump's and his family's growing list of crypto projects. In addition to an NFT series and a MEME coin, there is the decentralized finance project World Liberty Financial, a stablecoin, and a Bitcoin mining company, in which the president's son Eric Trump and Donald Trump Jr. hold significant stakes.An insider familiar with Trump's new crypto game told Fortune that the game is an adaptation of "MONOPOLY GO!" where players earn in-game cash by moving pieces on a digital Monopoly board and building structures in a digital city. Another unrelated insider also compared the project to Monopoly. Both insiders requested anonymity due to the private nature of the business dealings.Insiders revealed that Trump's longtime friend Bill Zanker is the driving force behind the project, having helped the president launch his meme coin and NFT projects.Zanker's spokesperson Kevin Mercuri denied that the project is similar to "MONOPOLY GO!" but confirmed to Fortune that Zanker is developing a "game" set to launch at the end of April. He also stated that the Monopoly claims are "rumors."
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