President Donald Trump has reaffirmed his decision not to fire Federal Reserve Chair Jerome Powell amid ongoing uncertainty about the leadership position. This statement was reported by Jinshi, highlighting its importance given Trump's influential role and Powell's position since 2018.
Trump's assertion has addressed speculation surrounding the leadership position of the Federal Reserve, which affects investor confidence and market stability. The continuity of Fed leadership historically has provided assurance for the financial markets. Powell is a central figure in U.S. monetary policy, and stability in his role is viewed positively by market observers.
Donald Trump, Former President of the United States - "I will not fire Jerome Powell."
Stable Financial Markets Thanks to Leadership Assurance
Did you know? When the continuous leadership of the central bank is ensured, it often reduces the volatility of financial markets, demonstrating the important role of monetary policy leadership in maintaining investor confidence.
Bitcoin is trading at $117K, with a market dominance of 63.80%. In the past 24 hours, the BTC price has increased by 0.70%, with an 8.82% increase over 7 days. This currency has seen significant growth over the past 90 days, up 38.62%. Data is sourced from CoinMarketCap as of July 13, 2025.
According to the research group, financial markets tend to be stable when the leadership role of the central bank is reaffirmed, reducing uncertainty about monetary policy direction. Powell's continued leadership could stabilize BTC prices and the overall market situation.