🏛️ Legislative Update: The “Big Beautiful Bill”

• The bill, strongly backed by Trump, is reportedly on the verge of passing the House of Representatives, having already passed the Senate after a marathon 27-hour amendment session.
• Trump aims to sign the bill by July 4th, aligning with his campaign promises.
• Key Republican figures and congressional reporters confirm momentum and optimism around the bill’s passage.
• The bill is described as potentially the largest tax cut in recent memory.

💼 Federal Reserve and Jerome Powell

• Trump is publicly pressuring Fed Chair Jerome Powell to resign immediately, criticizing the Fed’s refusal to lower interest rates.
• He accuses Powell and the Fed Board of failing in their duties, claiming they are costing the country trillions in interest.
• Trump has hinted at having “two or three” candidates in mind to replace Powell, including:
  • Kevin Warsh (former Fed governor)
  • Kevin Hassett (former NEC Director)
  • Scott Desantis (Treasury Secretary)
  • Christopher Waller (former World Bank President and Fed governor)
• Trump may announce a replacement as early as September or October, or wait until a 2026 Fed Board vacancy.

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