Trump’s Pressure on Powell Impacts Markets, Sparks Volatility

Former President Trump’s public pressure on Federal Reserve Chair Jerome Powell for lower interest rates has ignited significant market volatility. This move raises concerns about the potential threat to central bank independence and its impact on key financial institutions. Analysts warn of increased uncertainty in the USD market, with Treasury yields experiencing notable shifts. Digital asset markets like Bitcoin and Ethereum have also been affected by this political tension, reflecting investor hesitancy.