Speculation surrounding the potential firing of Federal Reserve Chair Jerome Powell has emerged following statements from Congresswoman Anna Paulina Luna. This article examines the political and financial implications of this issue, as well as the reactions from the cryptocurrency market.
Political Context Surrounding Powell's Dismissal
On July 15, Congresswoman Anna Paulina Luna claimed that Jerome Powell is "about to be fired." This information is linked to criticism of a $2.5 billion renovation project at the Federal Reserve building, generating political tension surrounding the figure responsible for the country's economic policy. Donald Trump also criticized Powell for alleged mismanagement, calling the expenses "disgraceful."
Market Responses to Rumors
Following Luna's claims, market activity surged, and betting odds for Powell's removal rose on Polymarket, indicating increased interest in the situation. However, legal protections for Fed independence make immediate dismissal unlikely. Influential figures like Kevin Warsh noted the need for a "regime change" at the Fed.
Cryptocurrency Stability Amidst Speculation
Despite the speculation, Bitcoin (BTC) remained stable, priced at $118,618.30 with a market cap of $2.36 trillion according to CoinMarketCap data on July 16, 2025. Trading volumes decreased, yet BTC demonstrated a solid 40.18% growth over 90 days. The Coincu research team emphasizes that the cryptocurrency's stability reflects the Fed's long-term resilience despite political challenges.
Speculation regarding Jerome Powell's potential dismissal presents new political risks and discussions within the financial sector. However, the cryptocurrency market demonstrates stability, indicating the Federal Reserve's enduring strength in the face of political pressures.
