In Washington, Donald Trump confirmed that he will not dismiss Federal Reserve Chairman Jerome Powell, despite prior criticisms.
Trump's Statement on Powell
In his public statement, Trump indicated that he has no plans to fire Powell. This decision allows the current economic policy to remain in place and avoids uncertainties in the market.
Impact on Financial Markets
Trump's refusal to dismiss Powell reduces the likelihood of changes in U.S. monetary policy, which is crucial for financial markets. Unforeseen changes could trigger sharp fluctuations in asset prices and liquidity. Stock and cryptocurrency markets will closely monitor any signals from the Fed.
Historical Market Data
Historical data indicates that similar events in the past have caused significant market fluctuations. Expectations around cryptocurrencies like BTC and ETH are also tied to Fed policy and Powell's future actions.
Jerome Powell's continued role at the Fed may lead to stability in financial markets, which is important for investors amid uncertainty.
