#news
U.S. Treasury Secretary Scott Bessent confirmed that President Trump will not be firing Federal Reserve Chair Jerome Powell, despite Trump’s repeated criticisms over interest‑rate policy. Bessent emphasized that Powell’s term runs through May 2026 and that while a successor selection process is underway, there’s no intent to oust him prematurely. He argued that removing Powell now could risk legal challenges, market turmoil, and a leadership gap, highlighting the need for a stable and independent Fed.
Could this be bullish for crypto? Possibly.
Market confidence in U.S. monetary stability often supports risk assets, including cryptocurrencies.
With reduced political interference at the Fed, it’s less likely that abrupt rate moves or regulatory shocks occur, factors that can boost investor risk appetite. That said, crypto remains influenced by broader macro trends like inflation, regulation, and global capital flows.