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# Powell Flipping the Table and Not Leaving? The Crypto Market's "Savior" Narrative Needs a Rewrite!
Today's news is quite explosive—Powell is really upset this time. Facing criminal investigation pressure from the Trump administration, the old man directly put out word through his lawyers: Want to go after me? Then when my chairman term ends in May, I'm not leaving and will stay in my board position until 2028! The meaning is crystal clear—the more you push me to cut rates, the more I'll hold this position to defend the Federal Reserve's independence.
Personal take: This whole drama is basically Trump trying to install his "own guy" Warsh to take over and control rate cuts, but Powell just flipped the table and walked away. Plus, the details exposed in the documents are very subtle: Powell's lawyer hints that if the investigation doesn't stop, Trump won't have enough Senate votes to confirm a new chairman anyway. What does this mean? It means the power transition at the Federal Reserve could get stuck in a stalemate!
Impact on the crypto market: In the short term, this news exacerbates policy uncertainty—bearish. Funds hate this kind of chaos when the immortals start fighting; volatility will intensify. But thinking deeper, if Powell really stays on, it actually breaks the market's concerns about potential aggressive rate cuts after Warsh takes over. This essentially cools off "tightening expectations."
What players should do: Just watch the Fed meeting on March 18th. Powell's press conference will definitely get questions about his future; if he takes a hardline stance, the dollar and Treasury bonds will keep fluctuating, and big coin will probably keep riding the roller coaster.
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If Powell really stays until 2028, do you think it's a long-term bullish or bearish for crypto? $BTC