Trump Urges Fed Chair Powell to Resign Over Allegations

Jerome Powell continues to face criticism from Donald Trump, who appointed him. Trump argues that Powell's reluctance to lower interest rates is harming the U.S. economy. White House Press Secretary Karoline Leavitt stated that Trump accuses Powell of costing the U.S. a significant amount of money. Bill Pulte, Director of the Federal Housing Finance Agency, has called for an investigation into Powell's actions. Pulte described Powell's testimony before Congress as "deceptive." Federal Reserve policies have been criticized by Trump for their financial impact and have raised market concerns. Critics argue that Powell's rigid interest rate policy impacts the financial context. The Fed's interest rate decisions often affect cryptocurrencies, with potential interest rate cuts signaling market opportunities. The political environment increases uncertainty in interest rate expectations. Donald Trump, President of the United States: "He should resign immediately. ...[Powell] has been slashing interest rates frantically before the presidential election last November..." [3] Trump's statement suggests that there may be a shift in leadership preferences, potentially leaning towards Treasury Secretary Scott Bessent. Powell has not made any official comments regarding the resignation request, and the market's reaction is still unknown. Analyzing past trends, changes in interest rate policies often lead to significant market fluctuations. Cryptocurrencies can be volatile, as has been recorded during the Fed's policy adjustments. Price fluctuations of BTC and ETH may occur alongside monetary policy decisions of the United States.