$#TrumpVsPowell

As of April 19, 2025, significant rift remerged between President Donald Trump and Federal Reserve Chair Jerome Powell, primarily over interest rate policies and the Fed's independence. Trump has criticized Powell for not reducing interest rates earlier and is reportedly exploring legal avenues to remove him before his term ends in May 2026. Powell, however, maintains that he cannot be dismissed without cause and insists on the Fed's autonomy from political influence.

This tension has implications for the cryptocurrency markets. Trump's pro-crypto stance, including the establishment of a Strategic Bitcoin Reserve and the nomination of crypto-friendly officials, has previously boosted Bitcoin's price. However, Powell's cautious approach and recent comments against the Fed holding Bitcoin have led to market volatility, causing Bitcoin to briefly dip below $100,000.

This clash between Trump and Powell introduces uncertainty into the crypto markets, with potential for increased volatility depending on the outcome of their dispute and its impact on monetary policy and crypto regulation.