Trump Calls for Powell’s Resignation and Investigation
- Trump demands Powell resign amid congressional accusations.
- Increased rate cut expectations.
- Potential crypto market impact due to policy changes.
Trump has requested Congress investigate Fed Chair Jerome Powell, calling for his resignation during a July 2025 Cabinet meeting in Washington, D.C.
The implications are significant for monetary policy, with potential shifts in Federal Reserve decisions affecting interest rates and market stability.
Amid allegations of misleading Congress on Fed headquarters renovations, Trump intensifies pressure on Powell. During a meeting, Trump claimed Powell interfered with elections and failed to reduce interest rates, urging his resignation.
Trump calls for Powell’s resignation amid Congressional scrutiny
Powell, amid scrutiny from figures like Bill Pulte and Senator Cynthia Lummis, denied allegations, labeling reports as “misleading”. The discourse has led to increased rate cut expectations and market volatility concerns among investors and crypto communities.
In response, market forecasts have adjusted sharply, showing a 23% spike in rate cut expectations. Crypto markets are bracing for potential influxes if Powell’s monetary stance shifts or if leadership changes occur.
Historical context suggests leadership disputes can trigger economic volatility. Possible outcomes include shifts in liquidity affecting crypto assets like BTC and ETH, with sentiment closely tied to U.S. macroeconomic policies.
Market predictions indicate potential instability and opportunities for digital assets should interest rates be adjusted. Investors are advised to track impending congressional actions and market reactions in the current political climate.
He should resign immediately. – Donald Trump, President, United States
