Yellen Addresses Trump’s Comments on Powell Firing Amid Legal Debate Over Fed Chair Removal

The legal implications of former President Trump’s statement about potential Fed Chair removal continue to stir financial markets, with Janet Yellen offering a clear response. Despite uncertainty surrounding the timing and legality of such actions, the U.S. Treasury Secretary clarified that Trump may have been referencing Powell’s term expiration when making comments. Her remarks coincided with notable market shifts: $360 million in Bitcoin inflows were recorded as investors capitalized on bullish sentiment. While Yellen did not comment on legal ramifications, the debate regarding presidential influence over Fed Chair appointments is causing unease among markets and investors alike.