Trump vs. Powell: Who’s Really in Charge?
The tension between Donald Trump and Fed Chair Jerome Powell is heating up again. Trump’s made it clear he’s not happy with how Powell is handling interest rates, blaming the Fed for slowing down the economy and not cutting rates fast enough. He’s even hinted he could fire Powell if re-elected—though that’s legally questionable.
Powell, on the other hand, is staying firm. He’s focused on inflation data and insists the Fed isn’t influenced by politics. That independence is being tested now more than ever.
Meanwhile, Bitcoin ($BTC) is quietly stealing the spotlight, hitting all-time highs around $77K. Could investor uncertainty over the Fed and potential political chaos be driving more people into crypto?
This clash could shape the future of U.S. monetary policy—and crypto might be the biggest winner.
