Trump Vs. Powell Fed Clash Fuels Crypto Rally As Traders Price in Lower Rates
Benzinga·2026-01-14 19:06
A fresh wave of political pressure on the Federal Reserve is rippling through financial markets, and cryptocurrencies are among the biggest beneficiaries. Bitcoin (CRYPTO: BTC) and major altcoins moved higher after President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell, calling him a "jerk" and suggesting he "will be gone soon" during remarks at the Detroit Economic Club.The comments, combined with reports of a potential Department of Justice probe into aspects of Federal Reserve lead ...