Federal Reserve Chair Powell and Trump are at odds! Powell's term expires in March next year, and Trump has publicly criticized him multiple times over interest rate cuts, even saying "if you don't listen, we'll replace you." But Powell stands firm, clearly stating he will not resign, emphasizing the independence of the Federal Reserve's monetary policy and not taking orders from the White House.

The president wants low interest rates to stimulate the economy, but the Fed is worried about inflation. The conflicting goals have existed for a long time. Powell's stance signals to the market that the Fed will not change policies recklessly due to political pressure. Now, the nomination for a replacement needs to pass the Senate, and with the tug-of-war between both parties, the outcome is uncertain.

This also impacts the crypto market, and everyone is paying attention. Do you think Powell can hold on until the end of his term? Can Trump really replace him? Should central banks be independent from politics? Share your thoughts in the comments. Don't forget to follow, bookmark, and like!