Elizabeth Warren once called Fed chair Powell corrupt, now she’s fighting for him. Why?

By: bitcoin ethereum news|2025/05/02 18:30:02

Senator Elizabeth Warren is defending Federal Reserve Chair Jerome Powell, after years of calling him corrupt, reckless, and dangerous. In 2025, with president Donald Trump back in the Oval, Warren is stepping in to shield Powell from Trump’s attacks, despite the fact that she has spent years trying to get him out of the job. Warren once accused Powell of weakening bank regulations and making the entire financial system “less safe.” She said there was a “culture of corruption” at the Fed after top officials resigned over improper trading. She hated his refusal to cut interest rates and called him out every time she could. But now that Trump is targeting Powell, Warren is switching sides—not because she suddenly agrees with Powell, but because she doesn’t trust Trump to keep the Fed politically neutral. And hey, an enemy of her enemy might as well be her frenemy at the very least, right? Warren says Trump’s threats to fire Powell could wreck the markets This shift came after Trump posted on Truth Social that Powell’s “termination cannot come fast enough!” Trump floated the idea of removing Powell during his first term too but backed off after market panic. So we’re essentially in a loop. Treasury Secretary Scott Bessent tried to calm things down, saying Trump might have meant “terminus” differently, but Trump later said he had “no intention” of firing Powell before May 2026, when his term ends. Still, the threat was out there. Warren, who leads the Democrats on the committee that oversees financial agencies, said Powell isn’t perfect but he keeps politics out of Fed decisions. “I disagree with Powell on both monetary and regulatory policy,” Warren said this week, “but I have respect over how he’s managed the politics.” She said Powell listens to all sides but makes his own decisions. “That is as it should be.” Warren and Powell barely spoke privately for years. She hammered him over interest rates and financial regulation. But now, even though she still wants lower borrowing costs—just like Trump—she says their methods are totally different. “I don’t have any authority to make the Fed do anything,” Warren said. “All I can do is try to persuade, and that’s what I try to do. Donald Trump is not trying to make an argument of persuasion. He’s making a threat when he says that if he wants Jay Powell gone, then Jay Powell will be gone.” She warns removing Powell will drag the Fed into political chaos Warren warned that Trump’s push to fire Powell could cause serious market problems. She pointed to how investors reacted to Trump’s past trade comments. In one case, she said, capital didn’t run to US government bonds like it normally does in a crisis. “In a moment of chaos, the flight to safety did not land in the US bond market,” she said. “It went to other nations. That is a sobering moment for our nation.” She said the Fed’s role goes far beyond just setting rates. It also regulates banks, and that’s where Warren has always focused her fight. She said letting politicians control bank regulation would wreck the stability of financial markets. She mentioned that this idea of independence for regulators goes all the way back to 1863. “The Congress back in 1863 understood that if politicians could shorten or lengthen the leash on the banking regulators through the appropriations process, then no one could rely on a group of decision makers who were only thinking about safety and security of the financial system,” Warren said. She said Trump trying to remove Powell would drag the Fed into political chaos. “If Donald Trump tries to fire the head of the Fed, he’s trying to swoop banking regulation into the political stew, and monetary policy and regulatory decisions made under those circumstances will not sustain markets over the long haul,” she said. There’s also a legal fight going on. The Supreme Court is reviewing whether agencies like the Fed can remain fully independent. Some legal experts think the Court could split its authority, allowing the president to control financial rules but not interest rates. But, “there’s no such thing as, you’re half independent,” Warren said. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot Source: https://www.cryptopolitan.com/elizabeth-warren-fighting-for-powell-why/

-- Price

On June 9, The Kobeissi Letter, citing Goldman Sachs data, reported that global investors are selling South Korean stocks at an unusually rapid pace. In the latest trading session, foreign investors sold about $801 million worth of Kospi constituent stocks again; total foreign outflows last week reached about $10 billion, and the market has been in net foreign selling on nearly every trading day over the past month. According to the data cited in the report, foreign investors have sold about $75 billion worth of South Korean stocks so far this year. Meanwhile, South Korean retail and institutional investors together recorded roughly $69 billion in net buying over the same period, suggesting that the market’s main buying support has come from domestic capital rather than returning overseas funds. The information currently disclosed still mainly comes from The Kobeissi Letter’s retelling and Goldman Sachs data summaries, while public details on the statistical period and the specific definition of “selling” remain relatively limited.

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In the fast-moving digital asset ecosystem, derivatives platforms face an extreme architectural test. High-leverage futures markets demand more than just standard security—they require absolute operational precision, zero-latency matching engines, and ironclad structural scalability, all while navigating intense market volatility.

As global platforms scale to meet these demands, the industry is shifting away from rigid, monolithic setups toward a more agile, "decoupled" infrastructure philosophy.

The Blueprint for High-Volume Copy Trading

For elite global exchanges like WEEX (founded in 2018), this architectural choice becomes critical when scaling high-volume retail features like social copy trading. When thousands of users automatically mirror the real-time strategies of elite traders simultaneously, it triggers sudden, monumental spikes in concurrent transactional volume.

To prevent execution latency or settlement bottlenecks during these peak volatility events, a platform's primary engine must remain entirely dedicated to risk management, copy-trade synchronization, and order matching.

The Architectural Rule: New-generation platforms must separate front-end user execution engines from heavy backend infrastructural overhead to eliminate operational friction.

By separating these layers, platforms can maintain complete sovereignty over their trading environments and user experiences while strategically aligning with institutional-grade infrastructure ecosystems. This strategic framework allows modern exchanges to leverage advanced Digital Asset Custody infrastructure such as Cobo’s behind the scenes, ensuring that backend wallet management scales elastically alongside trading spikes.

Capitalizing on Market Momentum and 400× Leverage

In a derivatives arena where platforms offer up to 400× leverage on perpetual contracts, capital efficiency and market agility are core business metrics. To capture market momentum, an exchange needs the ability to rapidly expand its asset offerings, supporting everything from legacy crypto assets to sudden, trending altcoins across a massive library of trading pairs.

Adopting a flexible, scalable Wallet-as-a-Service (WaaS) solution such as Cobo’s could completely rewrite the development timeline for high-growth exchanges. Instead of spending months of engineering capital building out custom backend wallet architectures for every new blockchain network, platforms can deploy localized infrastructure in days.

This agility allows platforms to instantly scale their listings to over a thousand trading pairs without compromising security or delaying time-to-market. It mirrors the exact operational advantages seen during high-velocity market events, similar to how advanced wallet infrastructure empowers platforms during sudden asset surges; allowing exchanges to pass that speed and liquidity directly to their global user base.

A Mature Foundation for Growth

The synergy between trusted infrastructure ecosystems and global trading platforms represents the natural evolution of a maturing crypto market. As WEEX continues to scale its global spot and derivatives offerings for over 6 million users, adopting robust backend paradigms proves that platforms no longer have to compromise between cutting-edge trading velocity and uncompromised structural security.

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Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle