Trump Faces Powell with Mounting Pressure

Key Points

1. Jerome Powell's tenure as Federal Reserve Chair lasts until May 15, 2026, with an option to remain a Fed member until January 31, 2028.

2. Trump has accused Powell of fiscal policy inaction and questioned the Fed's financial management, including cost overruns in building renovations.

3. Speculation about Powell's resignation has emerged, with potential impacts on the crypto market, where Bitcoin could act as a safe haven.

4. Powell's bipartisan background complicates perceptions of his political affiliations, having served under both Democratic and Republican administrations.

5. The Fed's modernization projects and fiscal strategies are under scrutiny, with White House statements hinting at possible removal efforts.