{"id":36141,"date":"2025-07-10T11:17:50","date_gmt":"2025-07-10T11:17:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36141"},"modified":"2025-07-10T11:17:50","modified_gmt":"2025-07-10T11:17:50","slug":"trump-demands-fed-chair-jerome-powells-resignation-how-will-the-crypto-market-react","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36141","title":{"rendered":"Trump Demands Fed Chair Jerome Powell\u2019s Resignation: How Will the Crypto Market React?"},"content":{"rendered":"<div>\n<p><em>Trump is accusing Jerome Powell of keeping rates high and pushing the United States to pay more in interest. Will Bitcoin break $112,000?<\/em><\/p>\n<p><span data-preserver-spaces=\"true\">Yesterday, Bitcoin briefly broke above $112,000, retesting May 2025 highs. Unlike the surge to fresh all-time highs on May 22, the July 9 rally follows a period of sideways consolidation after the relief rally from June 23. At this pace, technical candlestick patterns favor bulls. <a class=\"cpp-widget-coin cpp-widget-99btc\" href=\"https:\/\/99bitcoins.com\/\" target=\"_blank\" rel=\"nofollow sponsored\" data-symbol=\"btc\" data-name=\"Bitcoin\" data-price=\"111088.000000000000000\" data-change=\"2.20\" data-chart-style=\"99btc\" data-cta_text=\"Buy with Best Wallet\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\">BTC <span style=\"color: #37a72b;\">\u25b22.20%<\/span><\/a> and some of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">best cryptos to buy<\/span><\/a><span data-preserver-spaces=\"true\"> may push higher, fanned by events in the United States.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"BTC Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Bitcoin<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BTC<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$2.21T<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-686f9e742a1bb\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><\/span><\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" rel=\"\">9+ Best High-Risk, High\u2013Reward Crypto to Buy in July 2025<\/a><\/p>\n<h2><span data-preserver-spaces=\"true\">Trump Blasts Federal Reserve Chair<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Yesterday, in a fiery outburst, President Donald Trump escalated his long-standing feud with Jerome Powell, the Federal Reserve Chair. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In a widely circulated video, the President called Powell \u201clow IQ\u201d and a \u201cvery stupid person\u201d for refusing to cut interest rates. The President reiterated that Powell\u2019s stance is costing the United States billions.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Trump on possible investigation into Fed Chair Powell: It's ok with me, I think he's terrible\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/UoTtDDplpws?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">Trump accuses Powell and the Federal Reserve of driving up the cost of servicing the national debt, which stood <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/fiscaldata.treasury.gov\/datasets\/historical-debt-outstanding\/historical-debt-outstanding\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">above $35 trillion<\/span><\/a><span data-preserver-spaces=\"true\"> as of September 30, 2024. In the video, the President said the United States has \u201cfor years\u201d been \u201cpaying for him.\u201d <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">With every decision not to cut rates, the United States pays billions more in interest to Treasury bondholders. If rates remain at current levels, the Congressional Budget Office (CBO) projects that net interest payments could reach $1 trillion annually by early 2030.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The remarks, which also hinted at a possible sacking or forced resignation of the Federal Reserve Chair, appear to be boosting the crypto market, especially Bitcoin. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While the tirade is expected from Trump, a politician, it once again raises questions about the Federal Reserve\u2019s independence. This is not the first time Trump has gone ballistic, accusing the central bank of keeping interest rates high while others, especially in Europe, have been slashing rates.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"BOE's Lombardelli on Rate Cut, Labor Market, Inflation\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/fKnX4oBIHEM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2><span data-preserver-spaces=\"true\">Interest Rates Are High: What\u2019s Next for the Fed?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Powell and the FOMC are tasked with setting monetary policy in the United States. They aim to keep inflation around the benchmark 2% while ensuring economic growth and high employment rates.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Currently, inflation has been stabilizing. Although the Federal Reserve had the opportunity to cut rates at the last meeting in June 2025, they maintained rates at the 4.25\u20134.5% range. Economists expect Powell and the central bank to keep rates steady at the next meeting on July 30.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-258085 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-10T100455.160.png\" alt=\"Trump is accusing Jerome Powell of keeping rates high and pushing the United States to pay more in interest. Will Bitcoin break $112,000?\" width=\"1593\" height=\"824\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-10T100455.160.png 1593w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-10T100455.160-300x155.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-10T100455.160-1024x530.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-10T100455.160-768x397.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-10T100455.160-1536x795.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-10T100455.160-50x26.png 50w\" sizes=\"auto, (max-width: 1593px) 100vw, 1593px\"><\/p>\n<p><strong><span data-preserver-spaces=\"true\">(<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Source<\/span><\/a><span data-preserver-spaces=\"true\">)<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Low interest rates are favorable for Bitcoin and <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">top Solana meme coins<\/span><\/a><span data-preserver-spaces=\"true\">. If rates remain unchanged by the end of July, prices may fall, even erasing recent gains.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Trump believes Powell is becoming \u201cpolitical\u201d and deliberately stifling economic growth with the current rates. As he stated in the video, this inflates the cost of servicing the national debt. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Lower rates would reduce borrowing costs, supporting Trump\u2019s aggressive economic agenda, which controversially includes sweeping tariffs and tax cuts. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Although lower rates could increase inflation, the President believes any resulting price pressure can be addressed later with rate hikes if needed.<\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Impact of Tariffs on Inflation<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Trump\u2019s threat of higher tariffs on top trading partners could raise costs for consumers, exacerbating inflation. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Analysts and top bankers, including Jamie Dimon of JPMorgan, warn that tariffs could push U.S. inflation higher, explaining the Federal Reserve\u2019s reluctance to cut rates.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Jamie Dimon on tariffs: If it's a little inflationary but good for national security, so be it\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/2KE3u0wZHXI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">Powell\u2019s term ends in May 2026, and he has vowed not to resign. President Trump cannot fire him, as the central bank is independent and apolitical, acting in the best interest of the country with a critical mandate to balance inflation and employment.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:<\/span><\/strong> <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">16 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions &amp; Analysis<\/span><\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Trump Slams Fed Chair Powell, Bitcoin Breaks $112,000<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Trump blasts Jerome Powell for not slashing rates<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Bitcoin briefly breaks $112,000<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">The national debt in the United States continues to rise<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">High tariffs keeping pressure on inflation<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/trump-demands-fed-chair-jerome-powells-resignation-how-will-the-crypto-market-react\/\">Trump Demands Fed Chair Jerome Powell\u2019s Resignation: How Will the Crypto Market React?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trump is accusing Jerome Powell of keeping rates high and pushing the United States to pay more in interest. Will Bitcoin break $112,000? Yesterday, Bitcoin briefly broke above $112,000, retesting May 2025 highs. Unlike the surge to fresh all-time highs on May 22, the July 9 rally follows a period of sideways consolidation after the [&hellip;]<\/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-36141","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\/36141","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=36141"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36141\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}