We want to turn to some breaking news. Our Steve Leeman joining us now with that breaking news. Steve, over to you, Frank.Thanks very much. Treasury Secretary Scott Besson has published a broad and sweeping criticism of the Federal Reserve in an issue which is now online and we've read the whole thing uh or most of the whole thing uh in the magazine called the International Economy. Uh in the article he calls for an internal Fed review of its policy and all of the things it does and even suggests that the r ...

Treasury Secretary Scott Bessent blasted the Federal Reserve for putting its own independence at risk through “mission creep” and called for an independent review of the US central bank, including its monetary policy https://t.co/cCjOGbPjMa ...

Just your initial reaction to the data just under an hour ago. Yeah, I mean, listen, it's a pretty remarkable. I mean, you know, I always focus on the industry data to try and get a sense for what is the fabric of what's happening here.So if you look at the numbers, we got 22,000. But, you know, we talk about in the show all the time, 46,000 was in health care, not cyclical. You have a dynamic where if you strip out health care, you're running negative.What does that -24,000 jobs if you take the three month ...

JUST IN: 🇺🇸 Bank of America now projects the Federal Reserve to cut interest rates twice this year. https://t.co/9z6cULLaiQ ...

THE FEDERAL RESERVE IS BEHIND THE CURVE AND SHOULD HAVE BEEN CUTTING INTEREST RATES.THE JOBS REPORT PROVES IT. ...

President Trump’s sprint to take control of the Federal Reserve played out in a striking split-screen fashion on Thursday, just two weeks before the central bank’s next policy meeting https://t.co/NgvRUcLlFI ...

Nomination & Independence Concerns - Steven Myron's nomination as a Fed governor faces scrutiny due to his strong support for President Trump's economic policies, particularly tariffs [1] - Senate Democrats question Myron's independence, citing his proposed reforms that could increase presidential control over monetary policy [2] - Concerns arise over Myron's continued employment with the Council of Economic Advisers, even during his potential Fed term, raising conflict of interest issues [4][5] Confirmation Process - Despite concerns, Myron's nomination is expected to be approved by the Senate Banking Committee, where Republicans hold a two-vote majority, and sent to the Senate floor [5] Economic Policy & Data Integrity - Myron's views on the Bureau of Labor Statistics (BLS) and data integrity are under examination, particularly regarding claims of manipulated job numbers [3][4]

The US Justice Department opened a criminal investigation into whether Federal Reserve Governor Lisa Cook committed mortgage fraud — ratcheting up pressure as President Trump seeks to oust her from the central bank https://t.co/pVNdldlpSk ...

Exclusive: The Justice Department has opened a criminal investigation into Federal Reserve governor Lisa Cook. Initial scrutiny is centered on her properties in Michigan and Georgia. https://t.co/UoDIbYeWr5 ...

Crypto Adoption & Market Trends - Ondo Finance launches Ondo Global Markets, offering 100+ tokenized U S stocks & ETFs on Ethereum [1] - Chainalysis' 2025 Global Crypto Adoption Index is topped by India, the U S, and Pakistan, followed by Vietnam and Brazil [1] - Galaxy Digital begins tokenizing SEC-registered $GLXY shares on Solana via Superstate's Opening Bell [2] - Euro-based Bitcoin firm Treasury raised $147 million led by Winklevoss Capital & Nakamoto Holdings, buys 1,000+ $BTC [2] - Polymarket has been approved by the CFTC to operate crypto prediction markets in the United States [3] Institutional Involvement & Regulatory Landscape - US Bancorp relaunches institutional Bitcoin custody service after a 3-year pause, partnering with NYDIG as sub-custodian [1] - The Federal Reserve will host a Payments Innovation Conference on October 21, covering DeFi, stablecoins, AI, and tokenization [2] Economic Factors & Alternative Currencies - Markets see a 97 6% chance of a Fed rate cut [3] - Ray Dalio suggests crypto is now an alternative currency with limited supply, potentially attractive if dollar demand falls [3] - Trump mentioned tariffs could potentially replace income tax in the future [3]