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Expand Up @@ -40,7 +40,7 @@ todayInOneSentence: 'Trump declined to rule out a recession, but instead called

5/ **Federal Reserve Chair Jerome Powell said the Fed will keep interest rates steady as it assesses the economic impact of Trump’s shifting trade policies**. Powell warned that prolonged tariff hikes could push prices higher, making the Fed cautious about cutting rates. Powell said the Fed will “wait for greater clarity” before adjusting rates, emphasizing that long-term inflation expectations must remain stable. “The path to sustainably returning inflation to our target has been bumpy, and we expect that to continue." ([Bloomberg](https://www.bloomberg.com/news/articles/2025-03-07/fed-s-powell-says-still-no-need-to-hurry-to-consider-rate-moves) / [CNBC](https://www.cnbc.com/2025/03/07/powell-says-fed-is-awaiting-greater-clarity-on-trump-policies-before-making-next-move-on-rates.html) / [Wall Street Journal](https://www.wsj.com/economy/central-banking/tariff-fights-keep-the-fed-in-a-holding-pattern-on-rates-17e96ea8))

6/ **Trump signed an executive order establishing a strategic bitcoin reserve using cryptocurrency seized by the government**. White House Crypto and AI Czar David Sacks confirmed the reserve will not include newly purchased bitcoin, but instead left open the possibility of using "budget-neutral strategies for acquiring additional bitcoin, provided that those strategies impose no incremental costs on American taxpayers." The order also created a separate U.S. Digital Asset Stockpile to hold other confiscated cryptocurrencies, including ether, XRP, solana, and cardano. While the move symbolically recognizes bitcoin as a U.S. reserve asset. Bitcoin briefly dropped 5% on the announcement before recovering. ([Reuters](https://www.reuters.com/technology/trump-signs-order-establish-strategic-bitcoin-reserve-white-house-crypto-czar-2025-03-07/) / [CNBC](https://www.cnbc.com/2025/03/06/trump-signs-executive-order-for-us-strategic-bitcoin-reserve.html))
6/ **Trump signed an executive order establishing a strategic bitcoin reserve using cryptocurrency seized by the government**. White House Crypto and AI Czar David Sacks confirmed the reserve will not include newly purchased bitcoin, but instead left open the possibility of using "budget-neutral strategies for acquiring additional bitcoin, provided that those strategies impose no incremental costs on American taxpayers." The order also created a separate U.S. Digital Asset Stockpile to hold other confiscated cryptocurrencies, including ether, XRP, solana, and cardano. While the move symbolically recognizes bitcoin as a U.S. reserve asset, bitcoin briefly dropped 5% on the announcement before recovering. ([Reuters](https://www.reuters.com/technology/trump-signs-order-establish-strategic-bitcoin-reserve-white-house-crypto-czar-2025-03-07/) / [CNBC](https://www.cnbc.com/2025/03/06/trump-signs-executive-order-for-us-strategic-bitcoin-reserve.html))

7/ **Trump said he is “strongly considering” imposing new sanctions and tariffs on Russia until a ceasefire and peace deal are reached in Ukraine**. His announcement followed a Russian missile and drone barrage targeting Ukrainian energy infrastructure. Trump, who has suspended U.S. military aid and intelligence-sharing with Ukraine, urged both sides to negotiate, warning that “Russia is absolutely ‘pounding’ Ukraine.” He also suggested that securing a settlement with Russia might be easier than dealing with Ukraine, adding that Putin would “be more generous than he has to be.” Meanwhile, Trump reportedly wants more than a minerals deal to restart U.S. aid to Ukraine, including Ukrainian President Volodymyr Zelenskyy’s making concessions. ([Bloomberg](https://www.bloomberg.com/news/articles/2025-03-07/trump-threatens-new-banking-sanctions-on-russia-over-ukraine) / [New York Times](https://www.nytimes.com/2025/03/07/us/politics/trump-russia-sanctions-tariffs.html) / [Wall Street Journal](https://www.wsj.com/world/russia/trump-threatens-to-hit-russia-with-sanctions-6534bef8) / [Bloomberg](https://www.bloomberg.com/news/articles/2025-03-07/russia-s-putin-is-said-to-be-ready-to-agree-to-ukraine-truce-with-conditions) / [Washington Post](https://www.washingtonpost.com/politics/2025/03/07/trump-presidency-news/#link-LE4JODD7BRAO7KMMOCWAVCEP4A) / [NBC News](https://www.nbcnews.com/politics/national-security/trump-wants-see-just-minerals-deal-restart-aid-intel-ukraine-rcna195508))

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