Trump Reaffirms Powell's Role as Fed Chairman

U.S. President Donald Trump recently emphasized that Jerome Powell will continue in his role as Chairman of the Federal Reserve, easing speculation about a potential leadership change. This affirmation is significant for the market, indicating stability in monetary policy direction amid uncertain economic conditions and impacting investor confidence. Donald Trump Confirms Powell Continues to Lead the Federal Reserve President Trump has publicly expressed his support for Jerome Powell, confirming that he will continue to serve as Chairman of the Federal Reserve. This announcement came after rumors about potential changes at the Fed, which had caused investors to worry about the long-term direction of monetary policy. Expectations about Powell's continued leadership are seen as a stabilizing factor for both traditional and cryptocurrency markets. His monetary policy approach has been closely monitored as the United States faces economic challenges, particularly inflationary pressures and growth strategies. "I will not fire Chairman Powell because it is very necessary to maintain economic stability." – Donald Trump, Former President of the United States The Impact of Powell on Bitcoin and Market Momentum Did you know? Jerome Powell, as the Chairman of the Federal Reserve, has always emphasized the independence of the Fed, reiterating the historical precedents set by previous Chairs such as Janet Yellen, in order to strengthen market stability during periods of volatility. According to CoinMarketCap, the current price of Bitcoin is $117,987.23, with a market capitalization of $2,346,869,527,879. The currency has increased by 6.41% in the past 24 hours, with a rise of 9.25% over the past 7 days and a gain of 38.93% over the past 90 days. The 24-hour trading volume reached $128,370,390,012.

Analysts believe that the stability of monetary policy will affect the financial markets. If Powell maintains a consistent approach, cryptocurrency may continue its positive trend. Technological advancements in blockchain could enhance transparency in regulation, fostering innovation. $BTC {spot}(BTCUSDT)