Trump vs. Powell: Clash That Could Shake the Markets Again
As the 2024 U.S. presidential race heats up, markets are once again eyeing the brewing tension between Donald Trump and Federal Reserve Chair Jerome Powell. Their uneasy history—marked by Trump’s public criticism of Powell’s rate hikes during his presidency—has investors wondering: what happens if Trump wins again?
Trump has signaled he would push for lower interest rates and possibly try to replace Powell before his term ends in 2026. This could lead to a more politicized Fed, sparking uncertainty in global markets. For traditional assets, this might mean short-term volatility. But for crypto? It could be bullish.
A dovish Fed, dollar devaluation fears, and institutional distrust might boost Bitcoin’s narrative as a hedge. Traders should watch this political dynamic closely—because monetary policy isn't just economics anymore. It's a power play.
