#TrumpVsPowell
Trump vs. Powell: Could It Boost Bitcoin?
Former President Donald Trump has once again criticized Federal Reserve Chair Jerome Powell, urging him to cut interest rates and hinting at his possible removal. Trump expressed frustration over Powell’s delay in following the European Central Bank's recent rate cut of 25 basis points, claiming U.S. inflation is under control and similar action is needed.
In a post on Truth Social, Trump called Powell “always late” and said his replacement “can’t come fast enough.” He later told reporters that, if necessary, he could quickly remove Powell from his position.
This political tension is raising concerns. Some experts believe that such instability could shake traditional markets, possibly pushing investors toward decentralized assets like Bitcoin. Tim Delhaes of Grindery mentioned that the lack of confidence in centralized financial leadership might drive more interest in crypto.
Senator Elizabeth Warren also warned that firing Powell could severely impact U.S. markets, stating that political interference in the Fed could disrupt the global economy.
Despite the noise, Bitcoin saw a slight uptick on Friday, trading above $84,000—perhaps a sign that uncertainty in traditional finance is becoming crypto’s gain.
