Trump adviser calls for Powell's exit from Fed: what it means for Bitcoin
- —Hassett told Fox News it was time for Powell to "move on" and respect the Fed's independence
- —Powell remains a voting FOMC member after stepping down as Fed chair in May
- —The FOMC raised rates 25 bps to 3.75%–4% on Sept. 16, the first hike in three years
- —Odds of an October hike fell to about 18% by Oct. 5
Why it matters: Powell's exit could expand Trump's influence over the Fed, but for Bitcoin the key is whether a replacement shifts rate expectations and Treasury yields.
Source: crypto.news