#TrumpVsPowell "Trump vs Powell: Fed War Heats Up!"

US President Donald Trump is harshly criticizing Fed Chairman Jerome Powell for hindering economic growth and acting politically. Trump has stated that he is considering dismissing Powell. These statements are raising concerns about the Fed's independence. The name Kevin Warsh is on the agenda to replace him.

Such political interference signals can shake investor confidence. Uncertainty in interest rate policies in particular can increase volatility in both stock markets and cryptocurrency markets. If the Fed's credibility is questioned, the dollar may weaken, which could mean a short-term rise for cryptocurrencies.