Donald Trump recently criticized Federal Reserve Chair Jerome Powell after the latter warned of potential economic consequences related to new trade tariffs imposed by the President. Trump challenged Powell’s authority on the US economy and stated he may be fired, even going as far as to suggest that interest rates should have been lowered sooner in Europe. This move has drawn attention to a possible change in the Fed’s stance on monetary policy, with crypto traders anxiously awaiting for an impact on cryptocurrency markets. Despite some market observers’ concerns about the timing of these actions, Powell is expected to stay at the helm as the current economic climate presents challenges. The future of the Federal Reserve’s influence on crypto markets remains uncertain while trading activity in the sector continues to be volatile.