Yellen Clarifies Trump’s Fed Chair Remarks Amid Legal Debate – Coincu

U.S. Treasury Secretary Janet Yellen addressed former President Trump’s comments regarding the potential firing of Fed Chair Jerome Powell on April 23, 2025.

Yellen’s remarks highlight ongoing legal ambiguity over a president’s power to remove a Fed Chair, coinciding with notable financial market activity.

Yellen Addresses Legal Questions on Fed Chair Removal

Janet Yellen clarified that Trump’s comment on “firing” Federal Reserve Chair Jerome Powell might reference the expiration of his term. However, she did not express an opinion on whether Trump could legally remove Powell before then.

The ongoing legal debate surrounding presidential authority creates uncertainty in financial circles, but the lack of official statements from Yellen or other government spokespeople indicates minimal direct impact on immediate market operations.

Stock indices and crypto markets surged despite the concern over Powell’s potential removal, with major inflows into Bitcoin and Tether showing investor confidence. Although Yellen’s statement did not directly affect the markets, underlying apprehension remains in investor sentiment.

Bitcoin Surges to $94K Amid Fed Leadership Uncertainty

Did you know? Previous controversies involving U.S. Presidential influence over the Federal Reserve have historically led to market fluctuations, emphasizing the importance of central bank independence.

Bitcoin is trading at $94,171.50 with a 24-hour trading volume of $51.85 billion, according to CoinMarketCap. The currency has experienced a 3.17% increase over the past 24 hours and maintains a market cap of $1.87 trillion.

According to the Coincu research team, uncertainty over Fed leadership may increase volatility in U.S.-based financial markets and crypto exchanges. Legal clarifications could impact macroeconomic policy decisions and investor confidence.