Trump threatens Powell as Bitcoin eyes $75K amid Fed leadership transition
TL;DR Summary
Trump publicly vowed to fire Fed Chair Jerome Powell as his term ends, a confrontation that coincides with Bitcoin approaching $75,000 and a looming Fed leadership transition that could influence risk assets, with Warsh’s nomination adding to the policy backdrop and markets pricing slim odds of near-term rate cuts.
- Trump issues ultimatum to Fed chair as Bitcoin trembles at $75,000. ‘I’ll have to fire him’ dlnews.com
- How Trump Is Sabotaging Himself on the Federal Reserve Politico
- Trump’s own actions against Powell and the Fed are working against him CNN
- The Decades-Old Legal Question at the Heart of the Fed Chair Showdown WSJ
- Trump news at a glance: president renews threats against federal reserve chair, pushes his replacement The Guardian
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