according to the materials of the site - By Coincu
Kevin Hassett, economic advisor to the White House, stated on July 13, 2025, that President Trump may consider the dismissal of Federal Reserve Chairman Jerome Powell due to the alleged overspending on the renovation of the Fed's headquarters.
The possible dismissal is related to the administration's concerns about fiscal management in large financial institutions, which could affect macroeconomic confidence.
Trump is considering the dismissal of Fed Chairman Powell
Kevin Hassett emphasized that the White House is considering a change in leadership at the Federal Reserve, particularly Jerome Powell. This is related to the alleged overspending of $700 billion on the renovation of the Fed's headquarters in Washington, which may be associated with possible interference from President Trump.
A change in leadership suggests potential volatility in U.S. financial markets due to uncertainty regarding central bank policies. This situation highlights concerns about fiscal discipline amid speculative macroeconomic consequences, although no immediate changes in the blockchain have been observed. Any decision by Trump to attempt to dismiss Powell due to what the Trump administration calls a $700 billion overspend will largely depend on the responses to questions that Russ Vought directed to the Fed.
Past controversies highlighted against the backdrop of current events
Similar tensions between Trump and Powell in 2018-2019 regarding policy directions led to temporary market uncertainty, without significantly impacting major cryptocurrencies such as Bitcoin or Ethereum.
Experts point to potential risks for U.S. economic policy in the event of a breach of Fed independence. There could be significant financial repercussions that indirectly affect digital currencies. The Coincu research group notes that such discussions about leadership may impact investor confidence, market dynamics, and asset valuation strategies.
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