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

On May 21st, HTX market data indicates that ZEC surged this morning to touch a high of $690, and is now trading at $670.23—hitting its highest level in nearly six months, with a 24-hour gain of 17.51%.

On May 21, NVIDIA released its Q1 FY2027 earnings report after U.S. stock markets closed on Wednesday. Total revenue came in at $81.6 billion, handily beating the market consensus estimate of $78.672 billion. Its data center segment—NVIDIA’s core revenue driver—generated $75.2 billion, also topping analyst forecasts, which had pegged that division at $72.8 billion. NVIDIA also unveiled an $80 billion share repurchase program and boosted its quarterly cash dividend to $0.25 per share, up from the previous $0.01 per share. What’s more, its data center business (the company’s primary revenue engine) shows no signs of slowing down. For the second quarter, NVIDIA projected revenue of $91 billion, plus or minus 2%, well above Wall Street’s median forecast of $86.788 billion; some analysts had previously called for as much as $96 billion in Q2 revenue. That forward guidance disappointed investors, who’ve grown accustomed to NVIDIA consistently outperforming market expectations. The chipmake

May 21st — Wall Street Journal reporter Nick Timiraos, widely known as the “Fed Whisperer,” reports that Federal Reserve officials have largely moved past the issue that dominated policy debates over the last two years: whether to cut interest rates. Instead, at last month’s meeting, they’ve started seriously weighing the opposite direction: raising rates. The minutes from April’s policy meeting state: “Most participants emphasized that if inflation stays stubbornly above 2 percent, further policy tightening could become appropriate.” That April session was Jerome Powell’s final meeting as Fed chair, and the minutes underscore how the Middle East conflict has reshaped the rate-setting committee’s outlook.

May 21: Federal Reserve officials’ inflation concerns — stoked by tensions tied to the Iran conflict — have deepened recently, with a growing number of policymakers calling for the Fed to lay the groundwork for a potential interest rate hike. This signals that incoming Fed Chair Powell will take charge of a decision-making team that’s shifting increasingly hawkish. Additionally, minutes from the April meeting show further policy tightening may be necessary if inflation stays above the 2% target. The minutes noted: “To address this possibility, many participants indicated they would be inclined to remove language suggesting a bias toward accommodation in future interest rate decisions.” Described as “the most significant policy split in generations,” the April minutes also revealed two key shifts ahead of Powell’s tenure: a expanding hawkish camp wary of inflation sparked by the Iran war and opposed to any rate-cut discussions, and a shrinking dovish camp that still leans toward r

May 21: Federal Reserve meeting minutes released show that Fed officials have pretty much wrapped up the two-year FOMC debate over whether to cut interest rates—instead, they’re now seriously weighing the possibility of raising rates. The minutes noted: “Most participants emphasized that if inflation remains stubbornly above 2% on a sustained basis, further policy tightening may be necessary.” This marks Jerome Powell’s final meeting as Fed Chair, and underscores how the Middle East conflict is shifting the rate-setting committee’s outlook. Kevin Warsh is set to take the helm of the Fed after being sworn in at the White House this Friday. The Fed’s next policy meeting is slated for June 16–17.

May 21: Federal Reserve meeting minutes show participants broadly agreed that persistent high inflation, paired with uncertainty over the Middle East, may require the central bank to hold its current policy stance for longer than previously expected. A number of policymakers are leaning toward scrapping the dovish bias from the Fed’s policy statement. Most participants signaled that if inflation stays elevated above the 2% target, additional policy tightening could be necessary. Only a small handful of Fed officials believe future rate cuts would be appropriate.