US President Donald Trump has reignited discussions about replacing Federal Reserve (Fed) Chair Jerome Powell. This has sparked waves across traditional and crypto markets, with Bitcoin poised to reclaim $105,000.
The implications are significant, extending beyond monetary policy to the trajectory of Bitcoin, altcoins, and macro risk sentiment globally.
Trump’s Phantom Fed Chair Plan Shakes Markets
On June 6, Trump stated that his pick for the next Fed Chair is “coming out very soon,” even though Powell’s term does not officially end until May 2026.
The move would amount to a political earthquake in monetary policy circles, with Trump preparing to install a “phantom” Fed Chair-in-waiting.
Two months ago, when Trump first suggested firing Powell, the US Dollar Index (DXY) tumbled, sending Bitcoin soaring. As BeInCrypto reported, Bitcoin rallied hard as the market priced in looser mo
Go to Source to See Full Article
Author: Lockridge Okoth
