Gold stürzt in schockierender Wende unter 5.000 Dollar ab, während Bitcoin wieder auf 80.000 Dollar einbricht

Stephen Miran gibt an, keine Sorgen um die Inflation zu haben, und er macht sich auch keine Gedanken über Kevin Warsh. Am Freitag sagte der scheidende Fed-Gouverneur gegenüber Bloomberg, dass der von Präsident Donald Trump nominierte Leiter der Zentralbank gut für die Rolle gerüstet sei.

„Er war schon einmal dort, er weiß, wie das System funktioniert“, sagte Miran. „Er kennt die wichtigsten Akteure und genießt deren Respekt.“

Miran sagte, er erwarte, dass Warsh in der Lage sein werde, andere Mitglieder des geldpolitischen Ausschusses der Fed für sich zu gewinnen und seine Ideen durchzusetzen.

„Er wird in der Lage sein, die Argumente und Beweise vorzubringen“, sagte Miran und verwies auf Warshs frühere Erfahrung innerhalb der Fed während der globalen Finanzkrise.

Was die Wirtschaft betrifft, machte Miran klar, dass er immer noch der Ansicht ist, dass die Zinssätze weiter deutlich gesenkt werden müssen, obwohl er nun nach jüngsten Fortschritten ein langsamereres Tempo von 25 Basispunkten pro Sitzung befürwortet.

Er wies zudem Bedenken zurück, die Inflation sei nach wie vor zu hoch. Miran sagte zuvor im CNBC-Interview, dass die Lücke zwischen der aktuellen Inflation und dem 2%-Ziel größtenteils auf Rauschen zurückzuführen ist, das durch Besonderheiten bei der Berechnung der Wohnkosten und der Gebühren für Portfolio-Management entsteht.

„Das ist keine echte Inflation, das ist gefälschte Inflation"," sagte er. Unter Berücksichtigung dieser Faktoren liegt die Kerninflation ohne Wohnkosten bereits bei 2,2%, was Miran als ausreichend nah am Ziel ansieht.," :"3","Hassett unterstützt Warshs Ernennung zur Fed-Chefin und bleibt im Weißen Haus" :"4","Kevin Hassett bleibt an seinem Posten. Nach der Ankündigung von Präsident Donald Trump, Kevin Warsh zum nächsten Vorsitzenden der Federal Reserve zu ernennen, sagte Hassett am Freitag, er sei mit der Entscheidung zufrieden und habe kein Interesse daran, sein aktuelles Amt als Leiter des National Economic Council zu verlassen." :"5","„Ich habe meinen Traumjob," :"6","sagte Hassett gegenüber CNBCs Squawk on the Street. „Präsident Trump hat eine großartige Wahl getroffen, und ich bin wirklich begeistert und demütig durch all die freundlichen Worte, die er über mich gesagt hat." :"7","}{" :"8","I've got my dream job," :"9","Hassett told CNBC's Squawk on the Street. " :"10","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"11","}{" :"12","He also pushed back against concerns that inflation is still too hot. Speaking earlier on CNBC, Miran said the gap between current inflation and the 2% target is mostly noise caused by quirks in how housing costs and portfolio management fees are calculated." :"13","It's not real inflation, it's fake inflation," :"14","he said. Adjusting for those inputs, core inflation excluding housing is already down to 2.2%, which Miran says is close enough to target." :"15","Hassett backs Warsh Fed pick, says he's staying at White House" :"16","Kevin Hassett is staying put. Speaking Friday after President Donald Trump tapped Kevin Warsh to be the next Federal Reserve chair, Hassett said he's happy with the decision and has no interest in leaving his current post as head of the National Economic Council." :"17","I've got my dream job," :"18","Hassett told CNBC's Squawk on the Street. " :"19","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"20","}{" :"21","He also pushed back against concerns that inflation is still too hot. Speaking earlier on CNBC, Miran said the gap between current inflation and the 2% target is mostly noise caused by quirks in how housing costs and portfolio management fees are calculated." :"22","It's not real inflation, it's fake inflation," :"23","he said. Adjusting for those inputs, core inflation excluding housing is already down to 2.2%, which Miran says is close enough to target." :"24","Hassett backs Warsh Fed pick, says he's staying at White House" :"25","Kevin Hassett is staying put. Speaking Friday after President Donald Trump tapped Kevin Warsh to be the next Federal Reserve chair, Hassett said he's happy with the decision and has no interest in leaving his current post as head of the National Economic Council." :"26","I've got my dream job," :"27","Hassett told CNBC's Squawk on the Street. " :"28","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"29","}{" :"30","He also pushed back against concerns that inflation is still too hot. Speaking earlier on CNBC, Miran said the gap between current inflation and the 2% target is mostly noise caused by quirks in how housing costs and portfolio management fees are calculated." :"31","It's not real inflation, it's fake inflation," :"32","he said. Adjusting for those inputs, core inflation excluding housing is already down to 2.2%, which Miran says is close enough to target." :"33","Hassett backs Warsh Fed pick, says he's staying at White House" :"34","Kevin Hassett is staying put. Speaking Friday after President Donald Trump tapped Kevin Warsh to be the next Federal Reserve chair, Hassett said he's happy with the decision and has no interest in leaving his current post as head of the National Economic Council." :"35","I've got my dream job," :"36","Hassett told CNBC's Squawk on the Street. " :"37","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"38","}{" :"39","He also pushed back against concerns that inflation is still too hot. Speaking earlier on CNBC, Miran said the gap between current inflation and the 2% target is mostly noise caused by quirks in how housing costs and portfolio management fees are calculated." :"40","It's not real inflation, it's fake inflation," :"41","he said. Adjusting for those inputs, core inflation excluding housing is already down to 2.2%, which Miran says is close enough to target." :"42","Hassett backs Warsh Fed pick, says he's staying at White House" :"43","Kevin Hassett is staying put. Speaking Friday after President Donald Trump tapped Kevin Warsh to be the next Federal Reserve chair, Hassett said he's happy with the decision and has no interest in leaving his current post as head of the National Economic Council." :"44","I've got my dream job," :"45","Hassett told CNBC's Squawk on the Street. " :"46","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"47","}{" :"48","He also pushed back against concerns that inflation is still too hot. Speaking earlier on CNBC, Miran said the gap between current inflation and the 2% target is mostly noise caused by quirks in how housing costs and portfolio management fees are calculated." :"49","It's not real inflation, it's fake inflation," :"50","he said. Adjusting for those inputs, core inflation excluding housing is already down to 2.2%, which Miran says is close enough to target." :"51","Hassett backs Warsh Fed pick, says he's staying at White House" :"52","Kevin Hassett is staying put. Speaking Friday after President Donald Trump tapped Kevin Warsh to be the next Federal Reserve chair, Hassett said he's happy with the decision and has no interest in leaving his current post as head of the National Economic Council." :"53","I've got my dream job," :"54","Hassett told CNBC's Squawk on the Street. " :"55","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"56","}{" :"57","He also pushed back against concerns that inflation is still too hot. Speaking earlier on CNBC, Miran said the gap between current inflation and the 2% target is mostly noise caused by quirks in how housing costs and portfolio management fees are calculated." :"58","It's not real inflation, it's fake inflation," :"59","he said. Adjusting for those inputs, core inflation excluding housing is already down to 2.2%, which Miran says is close enough to target." :"60","Hassett backs Warsh Fed pick, says he's staying at White House" :"61","Kevin Hassett is staying put. Speaking Friday after President Donald Trump tapped Kevin Warsh to be the next Federal Reserve chair, Hassett said he's happy with the decision and has no interest in leaving his current post as head of the National Economic Council." :"62","I've got my dream job," :"63","Hassett told CNBC's Squawk on the Street. " :"64","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"65","}{" :"66","He also pushed back against concerns that inflation is still too hot. Speaking earlier on CNBC, Miran said the gap between current inflation and the 2% target is mostly noise caused by quirks in how housing costs and portfolio management fees are calculated." :"67","It's not real inflation, it's fake inflation," :"68","he said. Adjusting for those inputs, core inflation excluding housing is already down to 2.2%, which Miran says is close enough to target." :"69","Hassett backs Warsh Fed pick, says he's staying at White House" :"70","Kevin Hassett is staying put. Speaking Friday after President Donald Trump tapped Kevin Warsh to be the next Federal Reserve chair, Hassett said he's happy with the decision and has no interest in leaving his current post as head of the National Economic Council." :"71","I've got my dream job," :"72","Hassett told CNBC's Squawk on the Street. " :"73","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"74","}{" :"75","He also pushed back against concerns that inflation is still too hot. Speaking earlier on CNBC, Miran said the gap between current inflation and the 2% target is mostly noise caused by quirks in how housing costs and portfolio management fees are calculated." :"76","It's not real inflation, it's fake inflation," :"77","he said. Adjusting for those inputs, core inflation excluding housing is already down to 2.2%, which Miran says is close enough to target." :"78","Hassett backs Warsh Fed pick, says he's staying at White House" :"79","Kevin Hassett is staying put. Speaking Friday after President Donald Trump tapped Kevin Warsh to be the next Federal Reserve chair, Hassett said he's happy with the decision and has no interest in leaving his current post as head of the National Economic Council." :"80","I've got my dream job," :"81","Hassett told CNBC's Squawk on the Street. " :"82","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"83","}{" :"84","He also pushed back against concerns that inflation is still too hot. Speaking earlier on CNBC, Miran said the gap between current inflation and the 2% target is mostly noise caused by quirks in how housing costs and portfolio management fees are calculated." :"85","It's not real inflation, it's fake inflation," :"86","he said. Adjusting for those inputs, core inflation excluding housing is already down to 2.2%, which Miran says is close enough to target." :"87","Hassett backs Warsh Fed pick, says he's staying at White House" :"88","Kevin Hassett is staying put. Speaking Friday after President Donald Trump tapped Kevin Warsh to be the next Federal Reserve chair, Hassett said he's happy with the decision and has no interest in leaving his current post as head of the National Economic Council." :"89","I've got my dream job," :"90","Hassett told CNBC's Squawk on the Street. " :"91","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"92","}{" :"93","He also pushed back against concerns that inflation is still too hot. Speaking earlier on CNBC, Miran said the gap between current inflation and the 2% target is mostly noise caused by quirks in how housing costs and portfolio management fees are calculated." :"94","It's not real inflation, it's fake inflation," :"95","he said. Adjusting for those inputs, core inflation excluding housing is already down to 2.2%, which Miran says is close enough to target." :"96","Hassett backs Warsh Fed pick, says he's staying at White House" :"97","Kevin Hassett is staying put. Speaking Friday after President Donald Trump tapped Kevin Warsh to be the next Federal Reserve chair, Hassett said he's happy with the decision and has no interest in leaving his current post as head of the National Economic Council." :"98","I've got my dream job," :"99","Hassett told CNBC's Squawk on the Street. " :"100","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"101","}{" :"102","He also pushed back against concerns that inflation is still too hot. Speaking earlier on CNBC, Miran said the gap between current inflation and the 2% target is mostly noise caused by quirks in how housing costs and portfolio management fees are calculated." :"103","It's not real inflation, it's fake inflation," :"104","he said. Adjusting for those inputs, core inflation excluding housing is already down to 2.2%, which Miran says is close enough to target." :"105","Hassett backs Warsh Fed pick, says he's staying at White House" :"106","Kevin Hassett is staying put. Speaking Friday after President Donald Trump tapped Kevin Warsh to be the next Federal Reserve chair, Hassett said he's happy with the decision and has no interest in leaving his current post as head of the National Economic Council." :"107","I've got my dream job," :"108","Hassett told CNBC's Squawk on the Street. " :"109","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"110","}{" :"111","He also pushed back against concerns that inflation is still too hot. Speaking earlier on CNBC, Miran said the gap between current inflation and the 2% target is mostly noise caused by quirks in how housing costs and portfolio management fees are calculated." :"112","It's not real inflation, it's fake inflation," :"113","he said. Adjusting for those inputs, core inflation excluding housing is already down to 2.2%, which Miran says is close enough to target." :"114","Hassett backs Warsh Fed pick, says he's staying at White House" :"115","Kevin Hassett is staying put. Speaking Friday after President Donald Trump tapped Kevin Warsh to be the next Federal Reserve chair, Hassett said he's happy with the decision and has no interest in leaving his current post as head of the National Economic Council." :"116","I've got my dream job," :"117","Hassett told CNBC's Squawk on the Street. " :"118","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"119","}{" :"120","He also pushed back against concerns that inflation is still too hot. Speaking earlier on CNBC, Miran said the gap between current inflation and the 2% target is mostly noise caused by quirks in how housing costs and portfolio management fees are calculated." :"121","It's not real inflation, it's fake inflation," :"122","he said. Adjusting for those inputs, core inflation excluding housing is already down to 2.2%, which Miran says is close enough to target." :"123","Hassett backs Warsh Fed pick, says he's staying at White House" :"124","Kevin Hassett is staying put. Speaking Friday after President Donald Trump tapped Kevin Warsh to be the next Federal Reserve chair, Hassett said he's happy with the decision and has no interest in leaving his current post as head of the National Economic Council." :"125","I've got my dream job," :"126","Hassett told CNBC's Squawk on the Street. " :"127","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"128","}{" :"129","He also pushed back against concerns that inflation is still too hot. Speaking earlier on CNBC, Miran said the gap between current inflation and the 2% target is mostly noise caused by quirks in how housing costs and portfolio management fees are calculated." :"130","It's not real inflation, it's fake inflation," :"131","he said. Adjusting for those inputs, core inflation excluding housing is already down to 2.2%, which Miran says is close enough to target." :"132","Hassett backs Warsh Fed pick, says he's staying at White House" :"133","Kevin Hassett is staying put. Speaking Friday after President Donald Trump tapped Kevin Warsh to be the next Federal Reserve chair, Hassett said he's happy with the decision and has no interest in leaving his current post as head of the National Economic Council." :"134","I've got my dream job," :"135","Hassett told CNBC's Squawk on the Street. " :"136","President Trump made a great choice, and I'm really thrilled and humbled by all the kind things he said about me." :"137",

Kevin Hassett bleibt an seinem Posten. Nach der Ankündigung von Präsident Donald Trump, Kevin Warsh als nächsten Vorsitzenden der Federal Reserve zu berufen, erklärte Hassett am Freitag, er sei mit der Entscheidung zufrieden und habe kein Interesse daran, seinen aktuellen Posten als Leiter des Nationalen Wirtschaftsrats zu verlassen.

„Ich habe meinen Traumjob“, sagte Hassett gegenüber CNBCs „Squawk on the Street“. „Präsident Trump hat eine großartige Wahl getroffen, und ich bin wirklich begeistert und demütig von all den freundlichen Dingen, die er über mich gesagt hat.“

Trump veröffentlichte auf Truth Social ein Statement, in dem er Hassetts Arbeit im Weißen Haus lobte und schrieb: „Kevin ist unbeschreiblich gut … wenn Sie es nicht besser machen können, versuchen Sie es nicht zu reparieren!“ Der Präsident fügte hinzu, dass er Hassett nicht verlieren wollte und dass der Direktor der NEC „eine hervorragende Arbeit“ leistet.

Hassett sagte, das Weiße Haus stehe jetzt voll hinter Warshs Nominierung und werde für eine schnelle Bestätigung werben. „Jede Ressource, die wir haben, steht hinter ihm“, sagte Hassett. „Wir möchten wirklich, dass Kevin so schnell wie möglich bestätigt wird, damit die Fed in die richtige Richtung gehen kann.“

Wenn der Senat ihn bestätigt, wird Warsh offiziell Gouverneur Stephen Miran ersetzen, dessen Amtszeit am Samstag endet, aber erst im Mai, wenn Jerome Powells Amtszeit abläuft, wird er die Leitung der Fed übernehmen.

China verzeichnete im vergangenen Jahr ein Rekorddefizit von 12,7 Billionen Yuan, was etwa 1,8 Billionen US-Dollar entspricht, da die Ausgaben für soziale Sicherheit um 9,5% angestiegen sind, das schnellste Wachstum seit 2017.

Dies ist eine enorme Änderung in der fiskalischen Politik Chinas, wobei die breiten staatlichen Ausgaben um fast 4% gegenüber dem Vorjahr gestiegen sind, obwohl die Gesamtausgaben 5% unter den ursprünglichen Haushaltszielen lagen.

Laut am Freitag veröffentlichten Daten des chinesischen Finanzministeriums gab Peking im Jahr 2025 in seinen beiden Hauptbudgets rund 40 Billionen Yuan aus. Der Anstieg des Defizits war nicht allein auf Konjunkturmaßnahmen zurückzuführen.

Ein großer Teil der Ausgaben floss in die Umschuldung von außerbilanziellen Schulden lokaler Regierungen, was den für neue Investitionen verbleibenden Spielraum begrenzte.

Rund 3,4 Billionen Yuan aus neuen speziellen Anleihen lokaler Regierungen wurden zur Tilgung sogenannter versteckter Schulden verwendet – weit mehr als geplant.

Dies entzog Infrastruktur- und Industrieprogrammen effektiv Liquidität, also jenen Bereichen, die typischerweise das Wirtschaftswachstum ankurbeln, und lenkte sie stattdessen in die Schließung finanzieller Lücken.

Dieses Muster steht im Gegensatz zum letzten großen Überausgabenereignis Chinas im Jahr 2018, während der ersten Runde von Maßnahmen im Handelskrieg unter US-Präsident Donald Trump.

Diesmal wird der Wechsel der Ausgabenprioritäten durch innenpolitische Ziele vorangetrieben, darunter Barzahlungen an Familien im Rahmen von Bemühungen, die Geburtenrate zu erhöhen.

Auf der Einnahmenseite stiegen die Einkommensteuereinnahmen um 11,5 % – der stärkste Anstieg seit 2021 –, da chinesische Behörden die Durchsetzung verschärften, insbesondere bei nicht deklarierten Vermögenswerten im Ausland und bisher unbesteuerten Einkommensquellen.

Letzte Jahr wurden zudem mehrere Steuervorteile gestrichen, was dazu beitrug, schwächere Einnahmequellen aus dem Unternehmens- oder Handelssektor auszugleichen.

Der Präsident der Federal Reserve Bank von Atlanta, Raphael Bostic, sagte am Freitag, es sei nicht an der Zeit, die Zinsen erneut zu senken, und widersprach damit Forderungen nach weiterer Lockerung.

„Wir sollten abwarten und geduldiger sein

Die Kommentare kamen nur wenige Tage nachdem die Fed beschlossen hatte, ihren Leitzins bei 3,5 % bis 3,75 % zu halten und nach drei Zinssenkungen Ende 2025 eine Pause einzulegen. Fed-Chef Jerome Powell hatte erklärt, dass die Entscheidung breite Unterstützung gefunden habe, und verwies auf eine jüngste Stabilisierung der Arbeitslosenquote als Grund zur Vorsicht.

Bostic stimmte dem zu. „Ich habe das Gefühl, dass das Risiko eines Absturzes – also einer Katastrophe auf dem Arbeitsmarkt – viel weiter entfernt ist als noch vor einem Monat

Seine Aussage fiel nur wenige Stunden nachdem Präsident Donald Trump bestätigt hatte, dass er Kevin Warsh zur Nachfolge von Powell als Fed-Vorsitzender nominieren wird, wenn dessen Amtszeit im Mai endet.

Raphael sagte, er kenne Warsh nicht gut, habe aber gehört, er sei „sehr durchdacht

Das Treffen am Freitag war auch Raphaels letztes als abstimmbares Mitglied des geldpolitischen Gremiums. Er geht Ende Februar in den Ruhestand, nachdem er seit 2017 für die Federal Reserve Bank of Atlanta tätig war.