U.S. President Donald Trump has publicly called Fed Chair Jerome Powell a “numbskull,” claiming he’ll be out in eight months and accusing him of keeping interest rates too high for political reasons.
📌 Key Takeaways:
Trump said Powell is “a numbskull” and “probably doing it for political reasons.”
This ramps up political pressure on the Fed, raising fears of interference in monetary policy.
📉 Crypto & Market Impact:
1. Volatility spike alert
Bitcoin dropped briefly below $118K as uncertainty ripples through markets.
2. Potential shift in monetary policy
If Powell is replaced by a dovish successor, we may see rate cuts and renewed bullish momentum for BTC & altcoins.
3. Short-term uncertainty = smart entry opportunity
This developing political drama could drive a choppy crypto market with sharp ups and downs.
🧭 TL;DR of Sources:
Trump’s quotes & timeline: ✔ Reuters/News outlets confirm “numbskull” & “out in eight months”
Bitcoin dip proof: ✔ AInvest & Coin World reporting ~11% dip (below $118K)
Macro-crypto link: ✔ Decrypt & TradingView confirm faster dips amid Trump-Powell conflict
Follow me: @tradingwith69
#Trump #Powell #CryptoVolatility #Bitcoin #FedWatch
