Trump Calls for Fed Chair Powell’s Immediate Resignation

Donald Trump, 45th President of the United States, reportedly called for the resignation of Jerome Powell, Chair of the U.S. Federal Reserve, on July 9th, 2025; however, there have been no direct statements from either Trump or Powell about this demand.

Trump’s call for Powell’s resignation occurs amid an already uncertain financial landscape, yet no immediate, specific market reactions have been identified. The crypto markets are closely monitoring the situation for any ripple effects.

Trump’s Resignation Call Spurs Financial Uncertainty

Donald Trump urged Jerome Powell to resign, citing discontent with his role as Federal Reserve Chair. This announcement has drawn attention from various sectors, though there is no direct evidence of market upheavals yet. While no official responses have emerged from Powell or related bodies, the financial and political communities are vigilant about potential ramifications. Past interactions between Trump and the Fed have influenced market stability, but immediate impacts on crypto remain unclear.

Bitcoin (BTC) currently stands at $109,067.46, with a market cap of $2.17 trillion. It has shown a 0.75% increase over the past 24 hours, according to CoinMarketCap. BTC’s stability reflects its status as a hedge amid traditional market turbulence. Recent periods have seen a 32.36% rise over 90 days, signifying resilience against macroeconomic challenges.

Did you know? In previous instances, political tension involving the U.S. Federal Reserve has led Bitcoin to act as a safe haven asset, often mitigating the effects of traditional market volatility.

Bitcoin Performance Amid Federal Reserve Tensions

Did you know? In previous instances, political tension involving the U.S. Federal Reserve has led Bitcoin to act as a safe haven asset, often mitigating the effects of traditional market volatility.

Coincu’s research indicates that while the market watches for further developments, significant financial or regulatory outcomes hinge on forthcoming actions and policies at the government level. Experts stress the importance of observing official channels for further clarifications and impacts on both traditional and crypto financial landscapes.

Experts stress the importance of observing official channels for further clarifications and impacts on both traditional and crypto financial landscapes.