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Powell's Stark Message, Silver's Historic Rally, Trump's Fed Chair Pick And More: This Week In Economy - iShares Silver Trust (ARCA:SLV)
Benzinga· 2026-02-01 11:01
Economic Disparity - Anthony Scaramucci highlighted that an annual income of $131,000 is necessary for "basic stability" in the U.S., which is significantly above the median income, indicating growing financial disparity [2] Federal Reserve Developments - Jerome Powell, nearing the end of his tenure as Federal Reserve chair, issued a warning amid political scrutiny and ongoing investigations into the central bank's leadership [4] - President Donald Trump criticized the Federal Reserve for high interest rates, predicting a significant decrease in rates under the next chair [7] Cryptocurrency Legislation - The U.S. Senate Committee on Agriculture, Nutrition, and Forestry has advanced legislation for cryptocurrency market structure, which could establish federal regulations for digital assets, positioning the U.S. as a leader in crypto innovation according to industry leaders like David Sacks [6]