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🚨 Breaking: Powell May Resign Amid Trump Pressure
What’s happening: Reports today say Trump allies (e.g., Bill Pulte of FHFA) suggest Powell is considering stepping down before his term ends in May 2026 .
Why it matters: The rumor has rattled markets—yields are rising, and crypto traders are watching closely .
🏛️ Political Play: Fed HQ Renovation Used as Leverage
Trump is spotlighting a $2.5 billion Fed building revamp, calling it “ostentatious” and using it to justify pushing Powell out .
Legal experts warn firing Powell over policy would threaten Fed independence .
📈 Crypto Reaction: BTC Skyrockets
Bitcoin surged to new highs (~$117K–$118K), a direct response to Fed uncertainty and potential rate cuts wavering .
If Powell exits or signals easier policy ahead, crypto could jump +13–30%, according to analysts .
#breakingnews