US President Donald Trump’s escalating attacks on the independence of the Federal Reserve are worrying investors. From pressuring Chair Jerome Powell to cut interest rates to firing Governor Lisa Cook, these measures have shaken investor confidence in American institutions and the US dollar. 

According to Bitget‬, Jelly Labs, WeFi, and ZIGChain representatives, Trump’s moves represent historically uncharted territory in US monetary policy. They also believe that, while gold has always been around to soften the blow during times of uncertainty, investors may also begin to turn toward Bitcoin to safeguard their portfolios from government-controlled currencies. 

Escalating Political Pressure on the Federal Reserve

Since assuming office, President Trump has carried out a series of attacks against the Federal Reserve over what he views as inadequate monetary policy. 

Even before his inauguration, Trump had made a series of public comments urging Chairman Jerome Powell to lower interest rates and stimulate economic growth. In different social media posts, the President referred to Powell as “Mr. Too Late” and a “total and complete moron.”

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These pressures on the central bank’s political independence have reached new heights recently. Last month, Trump announced the firing of Federal Reserve Governor Lisa Cook over mortgage fraud allegations. 

Cook later filed a lawsuit against Trump, citing an illegal attempt to undermine the Fed’s independence. Two days ago, a US District Judge sided with Cook, temporarily blocking the administration from removing her. Trump has since appealed the decision. 

Why This Time Is Different

History has shown that this isn’t the fir

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Author: Camila Grigera Naón