🇺🇸 Trump Again Against Powell: Crypto Markets on Edge of Anticipation 🧨
Yes, yes, again.
On June 6, Donald Trump once again hinted that he intends to replace Federal Reserve Chair Jerome Powell, although his term does not expire until May 2026.
And the market, as usual, caused a mini-earthquake.
📉 The last time Trump spoke about this, the dollar index (DXY) plummeted, and Bitcoin soared on the wave of expectations for a soft policy.
Now — a new series:
"I will soon present my candidate for the position of Federal Reserve Chair," Trump stated.
👀 What this means for the crypto market:
— If Powell leaves, the independence of the Federal Reserve may be in question
— A possible successor would be more "compliant," which means more willing to lower rates
— This could lead to a sharp influx of liquidity, which, of course, Bitcoin loves (and especially altcoins)
💬 "Bitcoin has become not just a hedge against inflation — it is now a hedge against political instability"
— says Jeff Kendrick from Standard Chartered.
⚠️ But there is a nuance:
The law is not that simple. The removal of the Federal Reserve Chair is only possible for a compelling reason (not just for mood). Therefore, Trump will either have to wait or maneuver — by appointing his own yes-man😔