Former President Donald Trump’s public criticism of Federal Reserve Chair Jerome Powell has intensified market turbulence, sparking investor concerns about central bank independence and economic stability. Trump’s remarks suggesting Powell could be fired unsettled markets, contributing to heightened uncertainty across financial sectors.
Bitcoin capitalized on the volatility, climbing above $119,500 with a 24-hour gain exceeding 2%. Market analysts observe this uptick reflects growing investor interest in decentralized assets during institutional uncertainty, particularly challenges to the Federal Reserve’s credibility that could weaken long-term confidence in the U.S. dollar.
Economists caution that threats to Federal Reserve autonomy might prompt abrupt monetary policy shifts, impacting global markets. Investment advisors recommend vigilance in navigating potential fluctuations as institutional unease persists.