{"id":21733,"date":"2025-04-11T17:01:41","date_gmt":"2025-04-11T17:01:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21733"},"modified":"2025-04-11T17:01:41","modified_gmt":"2025-04-11T17:01:41","slug":"bitcoin-bulls-watch-closely-if-trump-could-test-power-to-fire-fed-chair-powell","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21733","title":{"rendered":"Bitcoin Bulls Watch Closely If Trump Could Test Power To Fire Fed Chair Powell"},"content":{"rendered":"
\n

An emerging legal dispute questions the stability of the Federal Reserve\u2019s long-held independence, prompting speculation among Bitcoin proponents who believe any disruption at the central bank could prove favorable. On April 9, Supreme Court Chief Justice John Roberts reversed a lower-court ruling and, for now, granted US President Donald Trump the authority to dismiss two officials who head independent agencies.<\/p>\n

While that case alone carries significant implications, Bloomberg reported<\/a> that these officials\u2019 legal status closely parallels that of Federal Reserve governors, with the final outcome possibly deciding whether a president could remove the Fed chair.<\/p>\n

Bloomberg Economics declared the Fed\u2019s independence to be \u201cunder imminent threat,\u201d describing how the newly reopened legal struggle escalated when Chief Justice Roberts allowed Trump to continue pursuing the dismissal of the two independent agency leaders. Lawyers for these officials must respond by April 15, a date that hints at a likely future argument before the Supreme Court regarding the broader question of presidential powers over independent bodies.<\/p>\n

The Kobeissi Letter, addressing talk of Trump directly seeking to fire Federal Reserve Chair Jerome Powell, clarified that the president had merely asked the Court to allow him to remove senior leaders at two other independent entities and \u201cdid NOT explicitly ask to fire Powell.\u201d<\/p>\n

Bitcoin Bulls Rejoice<\/h2>\n

The possibility of curtailing the Fed\u2019s autonomy has captivated observers who consider any risk to the central bank\u2019s traditional role a potential catalyst for Bitcoin\u2019s value. Pete Rizzo, host of the Supply Shock podcast, went so far as to call the development \u201cthe most bullish thing for Bitcoin imaginable.\u201d<\/p>\n

Thomas Fahrer, co-founder of Apollo, speculated<\/a> via X: \u201cJerome Powell\u2019s independence is very much at risk. The Fed may be printing money and buying Bitcoin to get some BTC sooner than you think.\u201d<\/p>\n

Jack Mallers, founder of Strike, offered<\/a> an extended perspective in a months-old interview, voicing his belief that \u201cover the next 12 to 36 months or so, we\u2019re going to see drastic changes in monetary policy.\u201d He recalled how President Trump \u201ceven hinted at having some oversight and control over the Federal Reserve,\u201d questioning if such a move would indicate \u201cthe way Trump sees himself taming inflation, controlling financial markets while allowing the S&P and assets to rise in the greater interest of the people.\u201d<\/p>\n

Mallers also questioned: \u201cMaybe he wants [Secretary of the Treasury] Bessent<\/a> to be the Fed chairman and lead the Treasury. Is that beyond us? Is Trump going to exercise his right to have further oversight over the Fed?\u201d<\/p>\n

The Strike founder Mallers further asked whether the administration might use yield curve control to control the entire financial market as a strategy to keep asset prices on an upward trajectory while mitigating inflation<\/a>\u2014possibly at the expense of those holding dollars.<\/p>\n

\u201cWould that imply and mean that Trump is going to use some form of yield curve control to exercise absolute control at both ends of the market and make sure that assets pump and inflation is relatively tamed at the expense of those that hold the dollar? Is that what he means by a weaker dollar<\/a> and strengthening our exports?,\u201d Mallers noted.<\/p>\n

At press time, BTC traded at $81,002.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

An emerging legal dispute questions the stability of the Federal Reserve\u2019s long-held independence, prompting speculation among Bitcoin proponents who believe any disruption at the central bank could prove favorable. On April 9, Supreme Court Chief Justice John Roberts reversed a lower-court ruling and, for now, granted US President Donald Trump the authority to dismiss two […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21733","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21733"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21733\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}