Chairman of the Board of Fannie Mae and Freddie Mac, William J. Pulte, welcomes the news that Fed Chairman Jerome Powell may resign and believes this is a positive decision for the U.S. economy.
Powell's consideration of stepping back stems from disagreements with the Trump administration regarding interest rate policy, which could allow the cryptocurrency market and economy to enter a strong growth phase with a change in Fed leadership.
MAIN CONTENT
Fed Chairman Jerome Powell may resign due to conflicts with President Trump over interest rate policy.
William J. Pulte believes that Powell's departure will boost strong growth in the U.S. economy.
Leadership changes could lead to multiple interest rate cuts, supporting the growth trend of the cryptocurrency market.
Why is Fed Chairman Jerome Powell considering resignation?
Powell's consideration of resignation arises from a lack of consensus with the Trump administration, particularly regarding interest rate policy. Trump demands that the Fed lower rates to accelerate economic growth, while Powell is concerned that tariff measures will increase inflation.
I am very encouraged to hear that Jerome Powell is considering resignation. I believe this is the right decision for the United States and will boost extraordinary economic growth.
William J. Pulte, Chairman of the Board of Fannie Mae and Freddie Mac, June 2024
In recent months, Trump has emphasized the need to lower interest rates due to the strong growth of technology and industrial stocks, as well as the interrelated impact of hundreds of billions of dollars in tariff policies.
What is the conflict between Fed Chairman and President Donald Trump?
The main conflict lies in Powell's cautious stance on the impact of prolonged tariffs, which could exert upward price pressure on the market. Meanwhile, Trump urges the Fed to cut interest rates by another 3 percentage points to take advantage of the economy and financial markets' rise.
Tech stocks, industrial stocks, and Nasdaq have all reached record highs! Cryptocurrency is soaring, with Nvidia up 47% despite tariffs. The U.S. has collected hundreds of billions of dollars from taxes, and the Fed should quickly lower interest rates corresponding to this strength.
Donald Trump, President of the United States, Statement on TruthSocial, 2024
Powell's cautious stance on maintaining interest rates to control inflation has created a clear gap with the White House's directives at that time.
What is the future scenario for the cryptocurrency market if Powell resigns?
If Powell officially steps down, the U.S. government will replace him with personnel appointed by the President, facilitating the Fed's ability to implement multiple interest rate cuts before the end of 2025. Based on analyses from financial experts, this will contribute to stimulating the recovery process and the explosive growth of cryptocurrency value entering a strong growth phase.
According to industry reports from 2024, multiple interest rate cuts mean lower borrowing costs, facilitating new capital flows into the cryptocurrency market, thereby enhancing liquidity and driving up prices.
How to effectively monitor the impact of Fed policies on the cryptocurrency market?
To monitor market fluctuations related to Fed policy, investors should focus on analyzing meetings and quarterly interest rate policy announcements from the Fed. Data sources from Bloomberg and credible Federal Reserve economic reports will provide a comprehensive view, helping to make accurate investment decisions.
Frequently Asked Questions
Why is Fed Chairman Jerome Powell controversial regarding interest rate policy?
Powell maintains a cautious stance amid inflationary pressures from tariffs, contrary to the White House's desire to lower interest rates to stimulate the economy.How will Powell's resignation affect the U.S. economy?
This could facilitate multiple interest rate cuts, stimulating strong economic growth in the near future.What impact does the change in Fed leadership have on the cryptocurrency market?
The change could encourage new capital flows into cryptocurrency due to reduced borrowing costs, supporting the upward price trend.How to timely update Fed policy?
Users should follow official Fed announcements and market data from reputable channels like Bloomberg and Reuters.How many percentage points does Trump propose to cut interest rates?
Trump calls for the Fed to reduce rates by another 3 points, based on the market's recovery and decreasing inflation.
Source: https://tintucbitcoin.com/powell-tu-chuc-tien-dien-tu-tuong-lai/
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