Donald Trump Can Dismiss the FED Chairman: Creating Uncertainty in Bitcoin! - Coin Bulletin

US President Donald Trump's plans to remove Federal Reserve (Fed) Chairman Jerome Powell are creating uncertainty in Bitcoin and other financial markets.

Bitcoin prices remained at 85,000 dollars as of April 17, 2025, while Trump’s statements regarding the dismissal of Jerome Powell raised concerns in the markets. Trump criticized Powell’s economic policies, stating that he should be removed from office. However, Powell announced that he would remain in office, defending the independence of the central bank. This situation leads to uncertainty in the U.S. economy and fears of stagflation.

Plans by Trump to remove Powell have reportedly been discussed privately for a long time, according to information leaked to the press in recent days. The removal of the Fed Chair could create significant uncertainty in the markets, which could negatively impact risky assets like Bitcoin. On the other hand, as the European Central Bank (ECB) moves towards interest rate cuts, fears of a recession in the US economy and rising inflation are increasing stagflation concerns.

The situation of the Fed chairman and its impact on the market

Increasing pressure on Powell poses a serious risk to financial markets. Experts indicate that undermining the Fed's independence will negatively affect financial markets and digital assets. Trump's plan to remove Powell creates significant uncertainty among investors, which may lead to instability in digital assets like Bitcoin in the short term.