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Jerome Powell

jerome powell replacement

Trump Administration Considers Jerome Powell Replacement, Confirms Scott Bessent

Jerome Powell’s time as Chairman of the U.S. Federal Reserve seems to be drawing to a close. As Treasury Secretary Scott Bessent revealed that the Trump administration is indeed searching for a replacement. In a Bloomberg interview last week, Bessent said the administration would start within the next few weeks and could announce a replacement by October. Powell’s current term expires in May 2026. Although Bessent’s name has been suggested as a leading contender. He was quick to respond that he’s not at this time considering the position. “I have the

June 30, 2025 1 min read
Trump May Sue Powell as CPI Data Lifts Crypto

Trump Considers Replacing Jerome Powell Amid Fed Rate Cuts Dispute

The controversy over U.S. monetary policy has intensified with the Presidency of Donald Trump. He is confirming that he will shortlist three to four likely candidates to replace Jerome Powell as Federal Reserve Chair by the time Powell’s current term expires in May 2026. During a recent media outing at

June 26, 2025 3 mins read
fed rate cuts

Crypto Stays Strong as Fed Pauses Rate Cuts: What It Means for Investors

Federal Reserve Chief Jerome Powell confirmed on Tuesday, June 24th, that no interest rate reductions are due anytime in the near future, indicating a conservative stance by the U.S. central bank. As much as there has been political pressure and economic turmoil, the Fed rate cuts has remained firm with

June 24, 2025 2 mins read
Firing Jerome Powell Could Wreck Markets, Warns Senator Warren

Firing Jerome Powell Could Wreck Markets, Warns Senator Warren

The Senator of the United States, Elizabeth Warren, has warned that the announcement of Donald Trump to terminate Federal Reserve Chair Jerome Powell, could cause a crash in the financial markets of the state.  Powell faced severe criticism from Trump, along with the accusation of being politically biased. Mr. President

April 19, 2025 2 mins read
FOMC Holds Firm on Rates, Powell Sees No Hurry for Cuts

FOMC Holds Firm on Rates, Powell Sees No Hurry for Cuts

The U.S. Federal Reserve kept the interest rates unchanged on Wednesday, maintaining the benchmark lending rate within the range of 4.25% to 4.50%. Fed Chair Jerome Powell underlined that the policymakers are in no rush to lower rates.  Besides, he stated that any adjustments would depend on further improvements in

January 30, 2025 1 min read
Fed Rate Cut and Powell’s Statement Trigger Crypto Market Sell-Off

Fed Rate Cut and Powell’s Statement Trigger Crypto Market Sell-Off

Today, the global crypto market is flooding with bloodbath as Bitcoin (BTC) has seen a major shake-up, dropping to the $98K zone. This downturn comes after Federal Reserve Chair Jerome Powell stated that the Fed is “not allowed to own Bitcoin” and ruled out any plans to change the laws

December 19, 2024 2 mins read
How Will Crypto Market React if Trump Won’t Replace Powell?

How Will Crypto Market React if Trump Won’t Replace Powell?

President-elect Donald Trump has publicly expressed his support for Federal Reserve Chair Jerome Powell, despite their historically tumultuous relationship. Trump confirmed in an exclusive interview with Kristen Welker on Meet the Press that he has no plans to replace Powell, whose term as chair extends until May 2026. When pressed

December 9, 2024 3 mins read
Will These Triggers Propel Bitcoin into an Uptober Rally?

What Has Caused Bitcoin to Drop Below $60K Recently?

As the cryptocurrency market navigates a turbulent period, Bitcoin (BTC) has showcased a significant drop, moving from nearly $65,000 to below $58,000 in recent days. This downward shift has been influenced by a mix of factors, including market reactions to recent economic news and broader financial trends. According to CoinMarketCap,

August 29, 2024 2 mins read
Investors Anticipate Steady Interest Rates Amid Mixed PCE Inflation Data

June Fed Minutes Revealed: How Will the Crypto Market Respond?

After a period of bated breath, the Federal Reserve’s June meeting minutes are now public. Significantly, these insights could ripple through the policy-sensitive rates and Treasury yields, critical players in the global cryptocurrency game. In a surprising twist, the Fed elected to break its ten-meeting streak of interest rate hikes.

July 5, 2023 2 mins read
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