New data from the White House Council of Economic Advisers backs President Donald Trump's calls for the Federal Reserve to cut interest rates.

Dalio has never been a cheerleader for the future of the dollar. Dalio told the media in 2023 that he owned Bitcoin and 'cash is trash' and said that he preferred Bitcoin to bonds. Later, that year, he also said that he "owns some Ethereum,".He views both assets as alternative forms of money in a world where the dollar is depreciating.

Nick Timiraos, Wall Street Journal chief economist correspondent, joins 'Squawk Box' to discuss the escalating feud between President Trump and Fed Chair Powell, what firing the Fed Chair could mean for markets,

While Trump’s attacks on Musk and Powell make for good drama, it’s unlikely either feud will mean much for stocks. Tesla shares tumbled more than 5% Tuesday, but the selloff barely made a dent in the broader market ... to have an impact on the U.S ...