Rumors about Jerome Powell’s potential resignation have emerged but are dismissed by analysts due to lack of evidence. President Trump is advocating for interest rate cuts, yet Powell remains committed to a data-driven approach, reinforcing the Fed’s independence.
Despite market uncertainties, Bitcoin is trading strong above 105,000 USD. Analysts warn that the potential removal of Powell could destabilize the markets further, reaffirming the cryptocurrency’s strength even in challenging political climates.
Leave a Reply