Donald Trump is once again active concerning the Federal Reserve, increasing pressure on its chair Jerome Powell. Recently, rumors have surfaced regarding Powell's potential resignation and interest rate cuts.
Rumors of Powell’s Resignation
On June 1, 2025, rumors emerged on platform X that Jerome Powell was stepping down and that interest rates would soon decrease. However, no official confirmation has been provided, and many analysts dismiss the claims as unfounded.
Meeting Between Trump and Powell
Recently, Trump met Powell at the White House, where he pressed Powell to cut interest rates, citing the economic disadvantages the U.S. faces compared to China. Trump has expressed dissatisfaction with Powell’s performance, yet he softened his rhetoric in recent days, indicating that he believes Powell should be replaced, while also noting Powell's term runs until 2026.
Cryptocurrency Amid Political Uncertainty
Despite the political uncertainty and pressure on Powell, Bitcoin continues to show strength, trading above $105,000. Analysts suggest that the current rally is nearing a short-term peak, and further political instability could lead to profit-taking.
Trump’s pressure on the Fed and rumors about Powell's resignation highlight the unpredictability of financial markets. The future of interest rates remains uncertain, and investors are closely monitoring developments.
