Trump calls for Federal Reserve Chairman Powell to resign

Donald Trump has publicly called for Federal Reserve Chairman Jerome Powell to resign over interest rate decisions, indicating the possibility of changes in the leadership mechanism of the United States monetary policy. Trump's demand for Powell to resign highlights the tensions surrounding U.S. monetary policy, as interest rate cuts could stimulate the markets, especially risk assets like cryptocurrencies. Trump's criticism of interest rate policy The call for Jerome Powell to resign comes from Trump's criticism of current interest rate policies, expressing dissatisfaction with the rates set by the Federal Reserve. Trump has called for interest rates to be reduced to 1% or lower, describing Powell as having done a "bad job." Emphasizing potential future changes in leadership, Trump mentioned considering several candidates to replace Powell. This includes financial figures such as Scott Bessent and Kevin Hassett, along with current Fed Governor Christopher Waller, who recently expressed tolerance for interest rate cuts. The market and economic impacts of Trump's statements can be significant. A strong stance on cutting interest rates is predicted to affect global financial markets, particularly U.S. stocks and bonds. The cryptocurrency market, which often correlates with macroeconomic policies, may respond positively to potential interest rate cuts, witnessing an increase in investment. Trump's push for lower interest rates highlights the potential for significant changes in fiscal policy that could benefit the digital currency market. However, experts warn of potential consequences for the Fed's independence and market stability. A potential restructuring of the Fed leadership under Trump's influence could cause instability in traditional financial sectors, but also present opportunities in the cryptocurrency market. Cryptocurrencies like Bitcoin and Ethereum may be poised for price increases if there is a moderate change in U.S. monetary policy. Economic analysts warn about the pitfalls of politically driven interest rate policies, noting that historical precedents show volatility. While the exact financial outcomes remain unclear, the anticipated changes signal a potential push for high-risk assets, including altcoins and DeFi sectors.