The Trump administration's consideration of firing Federal Reserve Chair Jerome Powell may significantly affect the dollar's value and financial market conditions.
Concerns Over Fed Leadership Change
Market strategist Sean Callow noted that a potential change in Federal Reserve leadership could result in a drop of the dollar index (DXY) by over 5%. This situation is deemed unpredictable, as there are no historical precedents for the dismissal of a Fed chair, leading to market uncertainty.
Ethereum Market Status
Ethereum's current price is $3,378.22 with a market cap of $407.80 billion. Over the last 24 hours, trading volume has shown a 26.83% return since the last analysis. In the past 90 days, Ethereum's price surged by 113.75%. Coincu analysts suggest that policy changes may shift investor sentiment.
Experts' Opinions on Economic State
Various financial figures have expressed diverse views regarding the implications of Powell's potential dismissal. Yi Lihua, Founder of LD Capital, noted that amidst several uncertain macroeconomic aspects, they expect a temporary rise in ETH above 50, while the long-term bullish trend remains unchanged.
The potential dismissal of Jerome Powell raises significant concerns in the financial markets, with expectations regarding the consequences possibly altering investor analyses and market strategies.
