Trump’s Push to Fire Powell: Market Crash Risk and Implications for Crypto

President Trump has renewed calls for Federal Reserve Chair Jerome Powell’s removal, raising concerns about potential market turmoil and its impact on the cryptocurrency landscape. While Trump has long criticized Powell for a perceived lack of aggressive interest rate cuts, his aim is not solely about policy differences but rather control over financial institutions. Removing Powell would potentially undermine the Fed’s independence, unsettling both traditional markets and cryptocurrencies alike.