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Jinse Finance reported that Eric Trump, son of Donald Trump, posted on the X platform stating that those "large banks"—the institutions that have monopolized the market and squeezed customers for years, offering retail currency market accounts with near-zero yields while charging high fees to low-balance accounts—are now doing everything they can to prevent the crypto industry from providing real benefits, rights, and rewards on their platforms. They are the biggest hypocrites and are in collective panic because they know they are losing this digital finance race.

Meanwhile, the discount retailer also announced a new stock buyback plan of up to $2.55 billions for fiscal years 2026 and 2027. Boosted by this news, its after-hours stock price rose by about 6%.

1. Geopolitical Impact: The meeting took place during an extreme moment marked by escalating conflicts between the United States, Israel, and Iran, as well as the suspension of Qatar's liquefied natural gas (LNG) exports. John Rogers from Ariel Investments warned that, as underlying consumers are struggling, the United States faces a risk of mild recession, and Iran may retaliate using unconventional methods.2. Tariffs and Inflation: Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, pointed out that the Supreme Court's ruling on tariffs has increased uncertainty regarding inflation. He believes the "neutral interest rate" has risen in the short term, and geopolitical conflicts have made the Federal Reserve's March rate path unpredictable.3. Outlook for the New Federal Reserve Chair: Kashkari gave high praise to Kevin Warsh, President Trump's nominee for Federal Reserve Chair, stating that Warsh has deep expertise in Federal Reserve research and would perform excellently if confirmed. John Rogers, however, believes that Kevin Warsh may follow Trump's wishes to lower interest rates.Expand