Key Takeaways:
- Republicans on the House Financial Services Committee are slated to meet with Federal Reserve Chair Jerome Powell this evening.
- House GOP leaders are currently strategizing on how to sequence votes for three separate cryptocurrency bills.
- Former President Donald Trump has made various statements, including denying reports of firing Powell, suggesting Powell is under investigation, and commenting on potential trade agreements with Japan and India.
- Google (GOOGL) has announced that more advanced AI capabilities will soon be integrated into its Search platform.
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House Republicans to Meet with Fed Chair Powell Amid Economic Discussions. Republicans on the House Financial Services Committee are scheduled to meet with Federal Reserve Chair Jerome Powell tonight from 6:00 to 7:30 p.m. The agenda for this high-level meeting remains speculative, but it is expected to cover pressing economic issues and monetary policy.
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House GOP Grapples with Sequencing Three Crypto Bill Votes. House Republican leaders are currently huddled in the speaker’s office, attempting to determine the order of voting for three significant cryptocurrency bills. This legislative push highlights ongoing efforts to establish a clearer regulatory framework for the digital asset space.
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Trump Addresses Powell, Trade, and Epstein. Former President Donald Trump has publicly denied reports that he fired Powell, stating they are "not true," and further claimed that he believes Powell is "already under investigation." On the trade front, Trump indicated that "nice deals" are set to be revealed, following an agreement with Japan, and hinted at a possible future agreement with India. Additionally, Trump reiterated his stance on the Jeffrey Epstein matter, calling the "whole thing one big hoax" and a "Democrat-run operation," labeling those who continue to bring it up as "stupid people."
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Google to Integrate Advanced AI into Search. Google (GOOGL) has announced that it will soon be rolling out more advanced artificial intelligence capabilities to its Search platform. This development is expected to enhance search functionalities and user experience, potentially impacting the broader digital advertising and information retrieval markets.
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Canadian PM Carney Comments on Tariffs. In international trade news, Canadian Prime Minister Carney did not specify acceptable tariff levels on U.S. exports for a potential trade agreement. Carney also stated that Canada would consider more retaliatory tariffs on the U.S., indicating ongoing tensions in trade relations.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.