Federal Reserve Chair Jerome Powell may be considering stepping down from his position, according to circulating reports that have caught the attention of both markets and political insiders.
Among those reacting is William J. Pulte, Chairman of the Board at Fannie Mae and Freddie Mac, who expressed support for the idea. In a statement posted on X, Pulte said Powell’s departure would be “the right decision for America,” suggesting it could open the door to renewed economic momentum.
The speculation about Powell’s resignation comes amid mounting tension between the Fed and the Trump administration. President Donald Trump has consistently pushed for aggressive interest rate cuts to support the nation’s growth, particularly as tech stocks and crypto markets reach historic highs. Trump recently cited surging tariffs revenue and a strong economy as reasons the Fed should have slashed rates by at least 3 percentage points, arguing that inflation is cooling faster than expected.
However, Powell has resisted such calls, warning that the new tariffs could actually reignite inflation and weaken the U.S. dollar—positions that have increasingly put him at odds with the current administration.
If Powell were to step aside, Trump would likely appoint someone more aligned with his economic philosophy, significantly increasing the chances of multiple rate cuts before the end of 2025. For risk assets like Bitcoin and other cryptocurrencies, which are already enjoying a bull run, such a shift could trigger another wave of inflows and drive prices even higher.
Investors are now watching closely, as a shake-up at the top of the Fed could redefine monetary policy direction—and further fuel the already blazing crypto rally.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/crypto-rally-could-get-another-boost-if-trump-replaces-fed-chair/