Bitcoin is holding its ground as political pressure mounts on the U.S. Federal Reserve. Former President Trump recently took aim at Fed Chair Jerome Powell, calling him “too slow” and hinting he should be removed. Now, reports say the White House is quietly exploring whether it’s even legal to fire him.
Trump’s pushing for lower interest rates to juice the economy during his campaign run—but Powell’s role is to manage inflation and maintain economic stability, not to cater to politics. If a sitting president removes the Fed Chair over rate policy, it could rattle global confidence in the Fed’s independence.
What’s the takeaway? If tensions rise, fear could ripple through markets. Stocks would likely feel it first—and crypto isn’t far behind. While Bitcoin’s showing strength now, it's still sensitive to broader market shocks, especially in tech and risk assets.
This is bigger than politics. It’s a test of how much independence the Fed really has.
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