BTCC / BTCC Square / Global Cryptocurrency /
Are Jerome Powell’s Days as Federal Reserve Chair Numbered?

Are Jerome Powell’s Days as Federal Reserve Chair Numbered?

Published:
2025-07-08 17:02:03
10
3
BTCCSquare news:

Federal Reserve Chair Jerome Powell faces mounting pressure from a coalition of high-profile critics, including former President Donald Trump and key financial figures. Accusations of mismanagement and political bias threaten Powell's tenure, set to run until May 2026. The crypto community watches closely as the Fed's independence comes under scrutiny.

Trump reignited his feud with Powell, labeling him a "stubborn mule" for maintaining interest rates at 4.25%–4.5%. A handwritten note circulated by WHITE House Press Secretary Karoline Leavitt demanded rate cuts, citing lower benchmarks in Japan and China. The Fed, designed to operate independently, now confronts unprecedented political interference.

Market participants brace for volatility as the standoff unfolds. Cryptocurrencies, often sensitive to macroeconomic policy shifts, could see amplified reactions if Powell's position weakens. The stakes are high for both traditional finance and digital assets.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users