BREAKING: Trump Likely to Fire Fed Chair Powell, Says White House Official
Trump Plans to Remove Powell from the Fed
A senior White House official has confirmed that former President Donald Trump is likely to fire Federal Reserve Chairman Jerome Powell if he regains office. Although no official timeline has been set, Trump’s dissatisfaction with Powell’s monetary policies has reportedly grown stronger in recent months. The former president believes Powell’s leadership has hindered economic growth by keeping interest rates too high.
Bullish Signal for Crypto Markets
Analysts in the crypto space see this development as potentially bullish for digital assets. If the U.S. dollar weakens due to central bank instability, investors may seek refuge in decentralized assets like Bitcoin and Ethereum. Historically, such political and monetary uncertainty has benefited the crypto market, which thrives in times of distrust in traditional financial systems.
