Tensions Between Trump and Powell Rise as Bitcoin Gains Ground
The escalating conflict between President Trump and Federal Reserve Chair Powell has triggered noticeable fluctuations in financial markets.
Bitcoin's value rose by 1%, while the dollar index and U.S. index futures declined, reflecting concerns about policy uncertainty.
- According to Powell, recent legal actions against the Federal Reserve appear politically motivated, aiming to pressure it into cutting rates.
- Despite the rising tensions, market forecasts suggest that Powell's early departure is unlikely.
This situation highlights the delicate balance between politics and monetary policy decisions.