Note: The X account is not owned by the original Enron entity. Users should be aware of the risk.

May 23 — U.S. President Trump noted that the robust stock market performance signals the market’s warm reception of Federal Reserve Chair nominee Powell and that Powell will receive full government support. (FX168)

On May 23rd, US President Trump said Washington will restrict the Fed’s forward guidance practice. (FXStreet)

May 22: U.S. President Donald Trump stated that Jerome Powell will take over as Chair of the Federal Reserve effective today, adding he hopes Powell will work independently and excel in his role. (FX168)

On May 22, U.S. President Donald Trump stated that Powell is expected to become a great Fed chair, per FXStreet.

NEW YORK, May 22 (CNBC) — Even as a bitter dispute simmers between the U.S. federal government and multiple states over which body has regulatory authority over prediction markets, platforms including Kalshi, Polymarket, Robinhood, and Coinbase are doubling down on expanding their operations. Seventeen states have already challenged these prediction market operators, with some framing sports-event prediction contracts as gambling — a classification that would shift oversight power to state-level regulators. But the U.S. Commodity Futures Trading Commission (CFTC) maintains these event contracts fall under the definition of derivatives, meaning they fall under federal purview instead. Congress has also stepped into the debate. James Comer, chairman of the U.S. House Committee on Oversight and Government Reform, has formally requested Kalshi and Polymarket to submit documents related to their insider trading prevention systems. Despite all this regulatory uncertainty, valuations for t

May 22 — The U.S. Court of Appeals for the Ninth Circuit ruled, per Bloomberg, that prediction market platforms Kalshi and Polymarket cannot block enforcement lawsuits brought by Nevada and Washington from proceeding in state courts. The appellate court rejected the platforms’ request to pause the state-level litigation, finding Kalshi and Polymarket failed to prove defending themselves in state court would cause "irreparable harm" and didn’t meet the high standard for showing a strong likelihood of success on their claim that federal courts should take jurisdiction over the disputes.