The consideration of removing Federal Reserve Chairman Jerome Powell by U.S. President Donald Trump is causing significant turbulence in financial markets, including the cryptocurrency sector.
Discussion on Powell's Removal
According to White House officials on July 16, 2025, President Trump is discussing the potential removal of Federal Reserve Chairman Jerome Powell. Discussions with lawmakers are ongoing, but a definitive timeline for the decision has not been established. Trump noted that the likelihood of Powell's dismissal is 'highly unlikely' unless fraud allegations are substantiated.
Impact on Markets
The speculation surrounding Powell's position has already led to fluctuations in financial markets. Investors are concerned about potential inflation increases and the stability of the dollar. However, there are no official comments from Powell or Federal Reserve channels, creating additional uncertainties and concerns in the markets.
Expectations in the Cryptocurrency Segment
Cryptocurrency markets are also affected by discussions about the Fed's future. Currently, the price of Bitcoin stands at $119,407.87, reflecting fluctuations in trading volumes and prices. Research indicates that changes in Fed leadership may exacerbate volatility in cryptocurrency markets, given the historical sensitivity of assets to shifts in monetary policy.
The discussions about potential leadership changes at the Fed warrant attention from participants in financial and cryptocurrency markets, as they may influence stabilization or further fluctuations in the economy.
