Edward Lawrence

Fed Chairman Jerome Powell full answer that he will stay as Fed Chairman Pro Tempore if a new Fed Chairman is not confirmed by May 15th and stay on the Board until the investigation into the Federal Reserve building cost overruns is fully finished. #FederalReserve

The U.S. Treasury issues a General License 134A to allow Russian oil loaded on a ship March 12, 2026 through April 11, 2026 to be sold on the global market.  In this license it says the only exemption is North Korea, Cuba, , and Iran which still cannot legally buy this #oil

I asked President Trump about the Fed Chariman Jay Powell telling me he will stay on as Chair pro tempore if Kevin Warsh is not confirmed. Also Powell says he will stay on the board until the investigation into cost overruns at several fed building renovations. #POTUS #FederalReserve

FBN’s @EdwardLawrence: “The Treasury Secretary this morning said there were defections among Iranian leadership. Are you aware of that? And is there anybody the U.S. can work with as a leader going forward?” President Trump: “Well, we have a man named the Treasury secretary here, so maybe, maybe he wants to discuss it. Does anybody know? Do you know who he is? Central casting.” Treasury Secretary Scott Bessent: “Yeah, Ed, we are seeing the defections at all levels as they’re starting to sense what’s going on with the regime. It doesn’t get reported here in the U.S. very well, but we are tracking them from the air. And the regime will probably collapse within itself. At Treasury, we’ve seen where they’ve wired their money out of the country. We’re coming for that. We’re going to get it back to the Iranian people.” Lawrence: “Mr. President —” Trump: “You’re seeing defections.” Lawrence: “— on Israel —” Trump: “There’s a lot of military defections, also. You have a lot of military defections in Iran. I don’t — hey, I don’t blame them.” Lawrence: “Thank you, Mr. President. You talked to Prime Minister Netanyahu about attacking the oil and gas fields.” Trump: “Yeah, I did, I did. I told him, don’t do that and he won’t do that. We didn’t discuss — you know, we do — we’re independent. We get along great. It’s coordinated. But on occasion, he’ll do something, and if I don’t like it, and so, we’re not doing that anymore.” Lawrence: “And the last one, if I could, the Fed chairman told me yesterday that he plans to stay until the new Fed chairman is confirmed. And he also planned to stay on the board until the investigation of the Federal Reserve is done.” Trump: “Well, he’s under investigation because he’s building a building for hundreds of billions of dollars more than it’s supposed to cost. The building you see over there is under budget and ahead of schedule. That’s the ballroom. The ballroom is a much bigger building. It’s a much more complex building than what he’s doing, and it’s at a fraction of the cost. Something is going on, whether it’s contractors. That’s what I do best in the world. I build. I build great buildings, I’ve always done it and I build them under budget and ahead of schedule. They could have four billion. This is a renovation job for $4 billion. And if you look at the building, it’s not even I don’t know if Kevin Warsh is ever going to be able to move into it. It’s been under construction for years. It’s the most expensive building ever built. Now, I know it’s gross incompetence because I happen to think he’s grossly incompetent today. Certainly, he should be lowering interest rates. All right. Certainly. Who would not lower them? But he’s stubborn and he’s got Trump derangement syndrome. But a lot of people have that. You know, it’s not a curable disease. But — but he’s also building — he should be lowering rates immediately. But he won’t do that because he’s he’s a stubborn, incompetent person, and that’s a bad thing. You know, when you’re stubborn and incompetent. I think it’s the worst combination. And he’s also not a smart person, but he’s building a complex over there that’s under his jurisdiction. He started it and it’s out of control. It’s billions of dollars for a little building. I could have done that building and made it beautiful for $25 million. 25 million. And it would have been beautiful. Look what I’ve done at the White House fixing it up. And I mean, the place was in bad shape. You see the floors and everything. It was in bad shape. I could have — I could have made that building beautiful for $25 million. They’re spending $4 billion. All right. So, it’s — there is criminality. Maybe it’s with the contractor, but — because I know more about contractors than any human being maybe that’s ever lived. But that contractor is a very rich man, whoever the contractor is. And we know, but whoever the contractor is, is an extremely rich man. He’s going to make. I mean, he could make billions of dollars. I don’t — I’m hearing numbers from three to $4 billion. That would make it the most expensive building on a square foot basis ever built in history. And you’re not even building a building. It’s a renovation. The exterior skin is staying. The steel is staying. The structure. So, all I want to do is bring out to the public that this guy is an incompetent — he’s a very incompetent guy and he may be a dishonest guy, but somebody dishonest because there’s no way that building can be three to $4 billion.”

Treasury Secretary Scott Bessent says in the coming days the US may unsanction Iranian Oil.. so the 140 million barrels floating on the water can add about a 10 day to two week supply to the globe. #Oil #Iran

Treasury Secretary Scott Bessent says Treasury knows where the Iranian regime money is stashed and is in the process of freezing the funds. He adds that he believes we will start to see defections in Iranian leadership based on freezing their personal money. #Iran #Money

The American Petroleum Institute and oil executives will be meeting with Trump Administration Officials Thursday about energy prices and next steps. “We look forward to convening key officials—including Vice President Vance, Energy Secretary Wright, bipartisan leaders in Congress and governors—to discuss the role of American oil and natural gas in supporting reliable energy supply amid global volatility. Our industry is focused on providing insight into market dynamics and strengthening American energy leadership and resilience for the long term.” -API Spokesperson Andrea Woods #Oil #Prices #Economy

Fed Chairman Jay Powell tells me that he will stay on as Fed Chair pro tempore after May 15th until a new Fed Chairman is confirmed. He adds he will stay on the Fed Board of Governors until investigation into the building cost overruns by the Fed is fully over. #FederalReserve

Federal Reserve Chairman Jay Powell now.

2 minutes to Fed Chair Jay Powell news conference.

In the dot plot Federal Reserve members project one rate cut this year and one rate cut in 2027. Then that's it. #InterestRates #FederalReserve

The Fed Reserve left rates unchanged., Fed Board of Governor dissented wanting to see a .25% rate cut. #FederalReserve

Sen. Markwayne Mullin (R-OK) got emotional at his Senate confirmation hearing when discussing his wife and children and the journey to get to this point.

My run as #HighVoltageMask⚡️on @MaskedSingerFOX is over. But I’ll be tuning in tonight to find out who is behind another mask. #TheMaskedSinger

The Treasury Department issues General License 52 to broadly authorize transactions with Venezuela’s state-owned oil company, Petróleos de Venezuela.. This allows established US entities to make contracts with the state run oil company. For one example; An established US software company could make a deal to upgrade computer systems for the state run oil company now. This is more of how the US is easing sanctions on Venezuela to help rebuild the energy sector. A Treasur5y Spokesperson says, "This license will benefit both the United States and Venezuela, while supporting the global energy market by increasing the supply of available oil. It will also help incentivize new investment in Venezuela’s energy sector.” #Venezuela #Oil #US

White House Press Secretary Karoline Leavitt says waiving the Jones Act allows resources like oil, natural gas, fertilizer, and coal to flow cheaply and freely to US ports. #Ports #JonesAct

The Federal Reserve announces it's decision to pause or cuts rates at 2p ET / 11a PT. The markets overwhelmingly believe there will be a pause today. #InterestRates

A source familiar with the conversations tells me the White House reached out to Chinese counterparts through the NSC to ask to postpone the face to face meeting between President Trump and President Xi. The source says the ask was followed up in the last trade talks face to face in Paris this past weekend between Treasury Secretary Scott Bessent, USTR Jamieson Greer, and Chinese Vice Premier He Lifeng. #China

A White House Official says President Trump issued a 60 waiver of the Jones Act today. #Oil #Prices