Is Elon's Empire Crumbling?

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Trump to nominate top economic aide Stephen Miran to Federal Reserve board

CHRISTOPHER RUGABER and JOSH BOAK
August 07, 2025

WASHINGTON (AP) -- President Donald Trump said Thursday he will nominate a top economic adviser to the Federal Reserve's board of governors for four months, temporarily filling a vacancy while continuing his search for a longer-term appointment.

Trump said he has named Stephen Miran, the chair of the White House's Council of Economic Advisers, to fill a seat vacated by governor Adriana Kugler, a Biden appointee who is stepping down Friday. Miran, if approved by the Senate, will serve until January 31, 2026.

The appointment is Trump's first opportunity to exert more control over the Fed, one of the few remaining independent federal agencies. Trump has relentlessly criticized the current chair, Jerome Powell, for keeping short-term interest rates unchanged, calling him "a stubborn MORON" last week on social media.

Miran has been a major defender of Trump's income tax cuts and tariff hikes, arguing that the combination will generate enough economic growth to reduce budget deficits. He also has played down the risk of Trump's tariffs generating higher inflation, a major source of concern for Powell.

The choice of Miran may heighten concerns about political influence over the Fed, which has traditionally been insulated from day-to-day politics. Fed independence is generally seen as key to ensuring that it can take difficult steps to combat inflation, such as raising interest rates, that politicians might be unwilling to take.

Federal Reserve governors vote on all the central bank's interest-rate decisions, as well as its financial regulatory policies.

Miran's nomination, if approved, would add a near-certain vote in support of lower interest rates. Kugler had echoed Powell's view that the Fed should keep rates unchanged and further evaluate the impact of tariffs on the economy before making any moves.

At its most recent meeting last week Fed officials kept their key rate unchanged at 4.3%, where it has stood after three rate cuts late last year. But two Fed governors -- Christopher Waller and Michelle Bowman -- dissented from that decision. Both were appointed by Trump in his first term.

Still, even with Miran on the board, 12 Fed officials vote on interest rate policy and many remain concerned that Trump's sweeping tariffs could push inflation higher in the coming months.

After the July jobs report was released last Friday, Miran criticized the Fed chair for not cutting benchmark interest rates, saying that Trump had been proven correct on inflation during his first term and would be again. The president has pressured Powell to cut short-term interest rates under the belief that his tariffs will not fuel higher inflationary pressures.

"What we're seeing now in real time is a repetition once again of this pattern where the president will end up having been proven right," Miran said on MSNBC. "And the Fed will, with a lag and probably quite too late, eventually catch up to the president's view."

Continue Reading...

Popular

Paula Deen has abruptly closed the Savannah restaurant that launched her to Food Network fame

SAVANNAH, Ga. (AP) — Former Food Network star Paula Deen announced Friday the abrupt closure of the Savannah restaurant that launched her to fame with its menu of fried chicken, banana pudding and other indulgent Southern dishes.

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

Jim Cramer Says Palantir's 'Next Stop Is $200' After Q2 Earnings Blowout: Dan Ives Calls It 'The Messi of AI'

AI giant, Palantir Technologies Inc. (NASDAQ: PLTR), is drawing loud praise from Wall Street analysts following the company's robust second-quarter performance, as it surged past consensus estimates.

If You Missed Tesla, Here's Your "Second Chance"... - Ad

If you missed your shot at turning $1,000 into more than $18,000 when I recommended Tesla, you'll want to pay close attention. I'm 100% convinced Elon's "Agenda X" could make early investors rich. But you need to hurry, because Elon and Visa are moments away from launching.

Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent

WASHINGTON (AP) — President Donald Trump said Tuesday that he's whittled down his list of potential Federal Reserve chair candidates to four as he considers a successor to — a choice that could reset the path of the U.S. economy.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

American Eagle's 'good jeans' ads with Sydney Sweeney spark a debate on race and beauty standards

NEW YORK (AP) — U.S. fashion retailer American Eagle Outfitters wanted to make a splash with its new advertising campaign starring 27-year-old actor . The ad blitz included “clever, even provocative language” and was “definitely going to push buttons,” the company’s chief marketing officer told trade media outlets.

Berkshire Hathaway Faces $3.8 Billion Loss Tied to Kraft Heinz Stake

Berkshire Hathaway has reported a $3.8 billion impairment on its stake in Kraft Heinz, marking a significant setback for the billionaire investor.

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. 2025 is already shaping up to be another banner year, with Bitcoin recently hitting a new all-time high. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto right now.

Asian markets are mixed after Wall St tumbles following poor US jobs report

BANGKOK (AP) — Shares in Asia are mixed after Wall Street had its worst day since May following the release of data.

Pilot arrested on child sex abuse material charges after landing at San Francisco airport

SAN FRANCISCO (AP) — A pilot was arrested aboard a Delta Air Lines flight and federal agents took him into custody from the cockpit after the plane landed at San Francisco International Airport.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

WhatsApp takes down 6.8 million accounts linked to criminal scam centers, Meta says

NEW YORK (AP) — WhatsApp has taken down 6.8 million accounts that were “linked to criminal scam centers” targeting people online around that world, its parent company said this week.

5 Stocks to Put in Your Portfolio Today - Ad

If you're investing for income, and NOT making the money you'd like... then I highly recommend you check out this shocking report from income investing legend Robert Rapier. It reveals 5 of the most generous income stocks on the market. If you're not holding these... you're likely leaving money on the table.

Microsoft Authenticator is ending password autofill soon. How to set up a passkey before Aug. 1

NEW YORK (AP) — If you're a Microsoft Authenticator user, like me, you’ve probably received at least one notice that the app's password management features are no longer usable and that your stored passwords will be deleted on Aug. 1. Yes, you read right, your passwords will be DELETED this Friday.

BlackRock's New ETF BILT Bets On $68 Trillion Boom, But Most Investors Are Missing It

BlackRock debuts first actively managed infrastructure ETF (BILT), highlighting growing interest in this sector. Offers diversity and growth potential.

The Surprising New Date That Could Fuel the AI Boom - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

India Stands Firm on Russian Oil Imports Despite Trump's Sanction Threats

In the face of potential penalties threatened by President Trump, India has affirmed its decision to continue buying cheap oil from Russia.

How high-tech tools, and pigs, could help in the search for Mexican drug cartel victims

ZAPOPAN, Mexico (AP) — First the scientists dress dead swine in clothes, then they dispose of the carcasses. Some they wrap in packing tape, others they chop up. They stuff the animals into plastic bags or wrap them in blankets. They cover them in lime or burn them. Some are buried alone, others in groups.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Mark Cuban Cheers NYU Dropout Whose $1.3 Billion Valued Blockchain Project Is Aiming For A 'Free And Fair' Financial System

Billionaire investor and television personality Mark Cuban welcomed the growth of the Injective (CRYPTO: INJ) blockchain, a project in which he has made strategic investments, on Tuesday.

Gold Is Being Reintroduced Into the Monetary System - Ad

While the media focuses on political scandals, inflation and coming up with ridiculous acronyms "TACO"... Smart money is tracking a far bigger shift: a gold revaluation is quietly underway. Garrett Goggin, CFA, says this could trigger 100X moves in select miners - and he's identified four with the biggest upside.

Eric Trump Teases American Bitcoin Stock Market Listing: 'Next Stop NASDAQ'

Eric Trump announced on Wednesday that American Bitcoin (ABTC) is set to make its debut on NASDAQ. This announcement was made via X, signaling a significant milestone for the Trump family-backed Bitcoin mining firm.

How India ended up facing steep US tariffs despite its strategic partnership

NEW DELHI (AP) — U.S. President Donald Trump has vowed for its purchases of , bringing the combined tariffs imposed by the United States on to 50%. India has called the additional tariffs “unfortunate.”

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Thousands march against plan to build massive bridge linking Sicily to Italy's mainland

ROME (AP) — Thousands of people marched in the Sicilian city of Messina on Saturday to protest a that would connect the Italian mainland with Sicily in a massive 13.5-billion-euro ($15.5 billion) infrastructure project.

Small Cap Stocks See Record Outflows: $80 Billion Pulled In Historic 2025 Rout As Analyst Says — 'Hard To Keep Up With The Big Boys'

Investors have pulled out a record $80 billion from small-cap stocks so far in 2025, setting the stage for what could be the largest annual outflow in the history of this segment.

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

4 arrested in Brazilian police raids against gang running illegal ride-hailing app in Rio

SAO PAULO (AP) — Police in carried out raids against a criminal group Friday that allegedly operated a clandestine ride-hailing app that generated monthly profits of up to 1 million reais (about $185,000), authorities said. At least four people were arrested.

United Grounds All Mainline Flights Across US Over Tech Glitch, Says Expect 'Additional' Delays

United Airlines grounded all mainline flights nationwide due to a critical tech glitch on Wednesday, highlighting growing concerns over aging aviation infrastructure and operational vulnerabilities across the airline industry.

If You Missed Tesla, Here's Your "Second Chance"... - Ad

If you missed your shot at turning $1,000 into more than $18,000 when I recommended Tesla, you'll want to pay close attention. I'm 100% convinced Elon's "Agenda X" could make early investors rich. But you need to hurry, because Elon and Visa are moments away from launching.

Why Ouster (OUST) Stock Is Soaring On Its 'Physical AI' Strategy And Q2 Results

Ouster stock is surging Friday afternoon. The lidar technology company reported impressive financial results for Q2.

Japan's Top Trade Negotiator To Visit US As Trump's $550 Billion Tariff Clock Starts Ticking

Akazawa will visit Washington to urge swift implementation of tariffs on Japan. Pressure mounts on PM Ishiba to ensure speedy execution.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

A top Federal Reserve official says dour jobs data backs the case for 3 rate cuts

NEW YORK (AP) — A top official at the Federal Reserve said Saturday that this month's stunning, is strengthening her belief that interest rates should be lower.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright traderelite.club
Privacy Policy | Terms of Service