Traders Skeptical of Powell’s Removal Amid Trump’s Criticism

Market participants show little confidence in Trump’s efforts to replace Powell, with a 19% chance valued on Polymarket despite Trump’s vocal disapproval. Jerome Powell, reappointed by President Biden, stands as the current Chair of the Federal Reserve, emphasizing central bank independence. Trump, known for his criticism of the Fed, tweeted harsh comments suggesting an immediate removal.

“Powell’s termination cannot come fast enough!” — Donald Trump, Truth Social, April 17-18, 2025 source .

Following Trump’s criticism and Powell’s stance against imminent rate cuts, Bitcoin experienced price busts, demonstrating brief market volatility. The broader cryptocurrency community remains attentive, yet sees limited immediate impact from the political commentary.

Historical trends show that such political situations lead to market volatility in Bitcoin and other risk assets. Analysts note procedural challenges in replacing a Fed Chair and predict stability for the foreseeable future.

Using on-chain data and past events, traders forecast continuity in Fed leadership. They highlight institutional barriers and potential price stabilization , thus maintaining speculative caution over ongoing developments.