Trump’s push to oust Powell threatens Fed independence and rattles financial markets.
Crypto faces volatility as Trump’s strong-dollar stance collides with Fed policy shifts.
Tariff threats and Fed turmoil may drive investors toward decentralized crypto assets.
President Donald Trump has launched a direct public assault on the independence of the Federal Reserve, demanding the immediate resignation of Chair Jerome Powell. The unprecedented demand has sent a jolt of uncertainty through financial markets, including the already volatile crypto sector.
Trump criticized Powell accusing him for deliberately delaying interest rate cuts and acting favorably toward the previous administration. These renewed attacks, paired with Trump’s aggressive economic policies, now mark a turning point for how monetary policy will affect digital assets.
BREAKING: President Trump DEMANDS Jerome Powell "RESIGN IMMEDIATELY" as Fed Chair and says Congress should INVESTIGATE him.
"Too late! He's always late! But he wasn't late with Biden before the election, he was cutting [rates] like crazy."
"He was trying to get them in." pic.twitter.com/7kFjoRCXei
— Eric Daugherty (@EricLD…
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