Crypto Market Sizzles as Powell Resignation Rumors Spread: Will Fed Chair’s Exit Ignite Digital Assets?
Amidst the excitement, political developments in the US have added a rather intriguing layer of speculation. Rumors are swirling that Jerome Powell, Chairman of the Federal Reserve, is considering stepping down. The news comes just as US President Donald Trump continues to pressure the Fed for interest rate cuts—an economic strategy Powell has yet to pursue. As markets digest the possibility of new leadership at the central bank, the potential shift in monetary policy could significantly impact risk assets, including cryptocurrencies.