U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

March 12 — The USDC Treasury has just minted 90 million additional USDC on the Ethereum blockchain, per Whale Alert tracking.

On March 12, Trump said the strike on Iran isn’t over yet.

**March 12 (Bloomberg) — Senate Banking Committee top Republican Tim Scott said Wednesday the lead prosecutor handling the Department of Justice’s (DOJ) criminal investigation into Federal Reserve Chair Jerome Powell has been replaced. “I believe the lead prosecutor has been replaced—that’s a fact,” Scott stated.** Powell previously disclosed the DOJ issued a subpoena to the Fed in January, threatening criminal charges. The subpoena ties to the Fed’s $25 billion renovation of its Washington headquarters and Powell’s testimony before the Senate Banking Committee last year about the project. In a sharply worded video response, Powell claimed the investigation stems from the Fed’s refusal to set interest rates as former President Trump requested. Earlier today, reports surfaced that Powell’s Fed Chair nomination has been blocked, with Republican senators demanding the investigation into Powell be completed first.

March 12: Fitch says labor market cools, wage growth slows—may prompt Fed to cut interest rates twice in 2026. (FX678)

March 12 – Joint Maritime Information Center (JMIC): No concrete evidence of mines in the Strait of Hormuz. (Golden Finance)