Federal Reserve Chair Powell is clashing with Trump! Powell's term expires in March next year, and Trump has publicly criticized him multiple times over interest rate cuts, even saying "if you don't listen, we'll replace you." But Powell stands firm, clearly stating he will not resign, emphasizing the independence of the Federal Reserve's monetary policy and that it does not take orders from the White House. $SOL $XRP $BNB

The president wants low interest rates to stimulate the economy, but the Fed is worried about inflation—this long-standing conflict of goals. Powell's move signals to the market that the Fed will not change policies recklessly due to political pressure. Now, the nomination for a new chair needs Senate approval, and with the tug-of-war between the two parties, the outcome is uncertain.
This also impacts the crypto market, and everyone is paying attention. Do you think Powell can hold on until the end of his term? Can Trump really replace him? Should central banks be independent from politics? Share your thoughts in the comments. Don't forget to follow, bookmark, and like!