Trump Wants Fed Chair to Quit: What It Means for Crypto (One-Minute Read)
President Trump keeps asking Federal Reserve Chairman Jerome Powell to resign, as posted on Truth Social on July 3, 2025, and said in the Oval Office on June 28. He’s upset about high interest rates. But Powell likely won’t quit because laws protect his job until May 2026.
What Could Happen?
• Powell Stays: Most likely. The Fed plans two small rate cuts in 2025, which might keep crypto prices steady. Bitcoin could stay strong due to Trump’s crypto-friendly moves, like the Strategic Bitcoin Reserve, but other coins might not grow much.
• Powell Quits Early: Not likely. If he does, markets could get shaky, and Bitcoin might jump as people see it as a safe bet. A new Fed leader who likes crypto could boost prices.
• New Leader in 2026: Trump could pick someone new when Powell’s term ends. A crypto-friendly leader might help Bitcoin and other coins grow, but a strict one could slow them down.
Crypto Impact: Trump’s support pushed $BTC to $109,071 in January 2025, but new taxes might raise prices and delay rate cuts, hurting smaller coins. Bitcoin could keep rising, but other coins may struggle.