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🚨 Trump demands immediate resignation of Powell after supporting investigation: Is the independence of the Fed in danger?
Donald Trump has shaken the headlines by calling for the immediate resignation of Federal Reserve Chairman Jerome Powell, supporting a proposal for an investigation into his monetary management.
👉 But let's get to the facts:
✅ Powell's term lasts until May 2026.
✅ The Federal Reserve is independent, and the President of the U.S. cannot remove him at will.
✅ He could only be removed for "just cause," such as misconduct or demonstrated incapacity, not simply for differing on interest rate policy.
📌 In 2019, Trump had already tried to pressure Powell to resign, furious about the rate hikes, but his own legal advisors warned him that it would be illegal and devastating for market confidence.
💥 Why does this shake the crypto market?
✅ Whenever the independence of the Fed is threatened, fear of unstable monetary policies arises.
✅ Bitcoin historically rises when confidence in the Fed wavers, as people seek refuge in alternative assets.
✅ Traders are now watching to see if Powell could anticipate resignations or changes in direction that impact inflation, and with it, the demand for crypto.
"Do you think Trump will manage to force Powell out? Or will this only further strengthen the narrative of Bitcoin as a safe haven?"
