There are rumors of Powell's resignation. A resignation letter allegedly belonging to Powell was shared, but this post has been deleted.
The news has not yet been confirmed. The likelihood of it being speculation is very high.
Powell's resignation would have a positive impact on $BTC and altcoins in the short term. However, it would not be a positive development for the markets in the long term.
There are those who believe that Powell's delay in interest rate cuts is politically motivated. Difficult days are just beginning for Powell.
