A sudden major negative event on $ETH , why are both bulls and bears being slaughtered with wild fluctuations!! Trump is about to write the biggest financial joke in American history: Fire Powell?
Financial earthquake, cryptocurrency market collapse, it might really be coming.
Powell just took a hawkish stance, and Trump immediately fired off tweets attacking him, saying he wants to fire him! The question is—can the President of the United States really fire the Chair of the Federal Reserve directly? This has never happened in history!
The most ironic part is: Powell was appointed by Trump himself back in the day. He thought Yellen was too tough and replaced her with Powell, and now he thinks Powell is not obedient.
Although Trump is already considering having Waller replace him, this issue is causing a huge uproar within the White House. The law states that there must be 'just cause' to remove someone; mere disagreement in policy is simply not enough.
Want to force it? That would be a legal drama, possibly going straight to the Supreme Court. Moreover, after firing him, the FOMC still has the authority to re-elect Powell.
The scariest part is: if it really happens, the independence of the Federal Reserve will instantly collapse. In the short term, the market may get a temporary high, but later it could be a confidence collapse, a plunge in the dollar, soaring interest rates, and a global credit downgrade.
What about the cryptocurrency market? The stock market crashes, Bitcoin's strategic reserves become a joke, USDT's peg becomes unstable, and those who can't escape are just waiting to be harvested.
Remember this: if Trump really takes action, a rise could be the escape window. While there are still buyers in the market, hurry up and get out, don’t look back! Trump is not focusing on his own affairs, relying on his mouth to manipulate the cryptocurrency market every day! Now trading requires not only technical analysis but also various news, and you must keep an eye on Trump's statements!! This couple has already harvested countless retail investors in the crypto market.
