Trump Affirms Powell’s Tenure Until 2026, Reiterates Call for Rate Cuts

Former President Donald Trump confirmed during an NBC News interview that Federal Reserve Chair Jerome Powell will retain his position until his term expires in 2026. "No, no, no. That was a total – why would I do that?" Trump responded when asked about potential early removal. The statement follows escalating tensions between Trump and Powell, with the former accusing the Fed chair of delaying rate cuts due to personal bias.

Wall Street had previously reacted negatively to Trump’s critiques of Powell, sparking concerns over political interference in central bank independence. Market volatility spiked during the period, though no direct cryptocurrency impact was noted. The Fed’s monetary policy decisions remain a critical macro factor for digital asset valuations, particularly for Bitcoin and Ethereum as institutional barometers.