Invest ideasNews
18 Jan 2026, 01:23
Trump says Dimon lied about Fed chair offer, calls him unfit for the job
Trump on Saturday said Jamie Dimon lied about being offered the Federal Reserve chair role. He said the claim was false and blasted The Wall Street Journal for publishing it without asking him. Trump also said Jamie isn’t fit for the position and slammed JPMorgan for how they treated him after the January 6th Capitol protest. “There was never such an offer,” Trump wrote on Truth Social. “Why wouldn’t The Wall Street Journal call me to ask whether or not such an offer was made? I would have very quickly told them, ‘NO,’ and that would have been the end of the story.” He said the meeting never happened and accused Jamie of pretending it was some joke. Trump also said that:- “Also, one was led to believe that I offered Jamie Dimon the job of Secretary of the Treasury, but that would be one that he would be very interested in. The problem is, I have Scott Bessent doing a fantastic job, A SUPERSTAR — Why would I give it to Jamie? No such offer was made there, or even thought of, either.” Trump plans lawsuit against JPMorgan over account closure Trump also said he will sue JPMorgan Chase for shutting down his accounts after January 6th, calling it “inappropriate and incorrect debanking.” He said the protest was justified and added, “The Election was RIGGED!” The lawsuit, he said, will be filed within two weeks. Back in August 2025, Trump signed an executive order telling banks they can’t reject clients based on their political or religious views. He has said banks have targeted him personally. In an interview with CNBC, Trump said JPMorgan Chase and Bank of America both refused to take his deposits after his first term ended. He gave no proof but said it was all political. JPMorgan responded by saying they don’t shut accounts over political beliefs. Bank of America wouldn’t comment on individual clients but said they would welcome clearer rules from regulators. This isn’t the first time Trump and his family have called out banks. Last year, Donald Trump Jr. said they had trouble accessing regular banking services. That, he said, is what pushed them into crypto. “So, [my family] got into crypto, not because it was like, ‘hey, this is the next cool thing,’ we got into it out of necessity,” Donny Jr. said. Now Trump is going after JPMorgan in court, but he’s also been going after the banks in policy. He wants a hard cap on credit card interest rates at 10%. The banking sector reacted fast. JPMorgan shares dropped around 5% over the last week, even though the company beat expectations in its latest earnings report. Other major bank stocks also fell after Trump gave them until January 20 to comply. The Wall Street Journal had claimed Trump offered the Federal Reserve job to Jamie during a meeting at the White House months ago. Jerome Powell’s current Fed chair term ends on May 15,. If you're reading this, you’re already ahead. Stay there with our newsletter .
18 Jan 2026, 00:30
Is Bitcoin About to Go Parabolic? Bitwise Sees ETF Demand Draining Supply
Sustained bitcoin ETF buying could quietly drain available supply before triggering an explosive price surge, mirroring gold’s delayed rally after years of institutional accumulation reshaped market dynamics. Bitcoin’s Parabolic Setup Is Forming as ETFs Consume Supply, Says Bitwise Bitwise Chief Investment Officer Matt Hougan shared on social media platform X this week a detailed argument
17 Jan 2026, 21:25
Fed transcripts show Powell pushed hard in September 2020 to lock in near-zero rates with strict conditions
Federal Reserve transcripts released Friday lay out how Powell drove a major policy shift during the worst stretch of the Covid-19 crisis. The records cover closed-door debates from 2020 and show how the Fed chair pushed hard for clear promises on interest rates , even as several officials warned the move could box the central bank in later. Those warnings stayed mostly private at the time. The September 2020 meeting took place six months into the pandemic, with rates already pinned near zero since March. Powell argued the moment demanded blunt guidance. He wanted the Fed to spell out exactly what had to happen before rates could rise again. The goal was to support a recovery he believed would take years, not months. Some policymakers objected. Most fell in line. Powell forces rate guidance through internal resistance The transcripts show Powell pressing for language that tied rate hikes to two conditions. One was maximum employment. The other was inflation reaching 2 percent and moving above that level for a period of time. That language went into the public statement after the meeting. At the time, inflation sat at 1.3 percent using the Fed’s preferred gauge. The median forecast showed inflation not hitting 2 percent until 2023. That forecast proved wrong. Inflation surged the next year and peaked at 7.2 percent in mid-2022. Still, many officials, including Powell, described the jump as transitory and waited to react. Two policymakers dissented in September 2020. Dallas Fed President Rob Kaplan opposed locking in near-zero rates. Minneapolis Fed President Neel Kashkari wanted an even stronger commitment. Others shared Kaplan’s concern but did not vote. Those included Eric Rosengren in Boston, Tom Barkin in Richmond, and Raphael Bostic in Atlanta. Voting members Patrick Harker from Philadelphia and Loretta Mester from Cleveland also raised concerns. Mester called the new liftoff rules very significant. She said she would have preferred more discussion before making such a change. She still supported the final decision. Powell rejected waiting. He told colleagues the expansion was underway and policy messaging needed to support the long path back. He said delays could damage the Fed’s credibility after holding steady for six months. Powell said weaker guidance would repeat eight years of old Fed behavior The September debate followed a major policy overhaul announced a month earlier. The Fed changed how it handled inflation and jobs. Officials moved away from raising rates early just because unemployment fell. That old playbook had failed for years, as low joblessness did not spark inflation. The transcripts show Powell worried that markets and the public did not believe the Fed would stick to the new framework. He warned that weak guidance would sound like the same reaction function used for eight years. He pushed for strong wording to show the shift was real. Five years later, those conversations became public. The Fed releases edited minutes three weeks after each meeting, but full transcripts come out only after five years. Critics now argue that the firm guidance slowed the Fed’s response when inflation took off. In November 2022, after rate hikes were already underway, Powell publicly acknowledged regret. Speaking at the Brookings Institution, he said the guidance tying liftoff to both jobs and inflation was the one decision he would not repeat. He said it was not tied directly to the inflation surge, but still would not do it again. The transcripts also show Powell spotting COVID risks early. On March 2, 2020, before the virus hit the U.S. hard, he described rising concern after a G‑20 meeting in Riyadh. He said the virus was likely to spread worldwide. He told officials markets needed a clear signal that central banks understood the threat and would act fast to prevent tighter financial conditions. That day, the Fed cut its benchmark rate by half a percentage point. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
17 Jan 2026, 21:00
Bitcoin Adoption In West Virginia Sets A New Regional Benchmark
Bitcoin literacy and community growth are accelerating in West Virginia, and it’s starting to reshape how communities across the state engage with digital finance. What was once viewed as a niche interest among tech enthusiasts is now gaining traction across broader segments of the state’s population. As residents become more curious about digital assets, conversations are shifting from speculation to understanding how BTC works and what it could mean for personal and regional economic resilience. Bitcoin As A Tool For Regional Economic Growth West Virginia has been making headlines in the Bitcoin space recently, particularly with fresh legislative moves as of January 2026. MartyParty revealed on X that the biggest current development is Senator Bill 143 (SB143), which was introduced this week by State Senator Chris Rose. This is officially titled the Inflation Protection Act of 2026, which would allow the state’s Board of Treasury Investment to allocate up to 10% of public funds into precious metals like gold, silver, and platinum. The bill requires any qualifying digital asset to have maintained an average market capitalization of at least $750 billion over the prior year, which qualifies only BTC. In addition, the bill also allows for regulated stablecoins , but only the US federal or state regulators can approve the assets. However, the bill frames this as a hedge against inflation and currency depreciation, and empowering the state treasurer to invest in BTC without directly naming it in most of the statute. Although the purpose section explicitly mentions empowering investment in gold, silver, and BTC. These assets would need to be made through qualified custodians, ETFs, or other secure frameworks. What Pension Funds And Endowments Think About Bitcoin The Bitcoin price prediction by funds indicates a bullish outlook for 2026. CryptoRank.io has mentioned that the institutional analysts are pricing in a bullish scenario for BTC in 2026. The average target across the forecasts shown is around $150,000 per BTC, implying roughly 75% upside from current levels. At the same time, longer-term valuation models assume a more gradual growth path . Popular asset manager VanEck predicts BTC could reach approximately $2.9 million by 2050, which equates to around 15% annualized growth broadly in line with the BTC historical long-term performance as a macro asset. In contrast to institutional forecasts, prediction markets maintain a more conservative outlook. On Polymarket , the pricing base-case range between $110,000 to $130,000. This consensus could shift toward the institutional targets if spot ETF inflows remain strong and if the US regulatory uncertainty continues to decline, including initiatives such as the Blockchain Regulatory Certainty Act.
17 Jan 2026, 20:36
Trump vs. Dimon: JPMorgan Faces Lawsuit Threat Over Account Closures
President Donald Trump says he plans to sue JPMorgan Chase within weeks, accusing the banking giant of improperly cutting off his accounts after the Jan. 6, 2021, Capitol events. Trump Signals Legal Showdown With JPMorgan Over ‘Debanking’ Trump made the announcement on Jan. 17, 2026, stating that the bank “incorrectly and inappropriately debanked” him following
17 Jan 2026, 19:55
Cathie Wood calls bitcoin 'good source of diversification' for investors seeking higher returns
Ark's data shows bitcoin has weak price correlations with stocks, bonds, and gold, making it potentially attractive for risk-adjusted portfolio management.
