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$BTC and Gold's Response to the Escalating Tension between Trump and Powell
Tensions continue to rise between US President Trump and Federal Reserve Chair Powell, with the latest development involving the US Justice Department serving subpoenas to the Federal Reserve and threatening criminal indictment related to Powell's testimony to a Senate committee. Trump has repeatedly criticized Powell over the perceived high interest rates, even threatening to fire him, despite being the one who nominated him for the position. This is the first time Powell has publicly fought back, hinting at a halt in rate cuts in the upcoming FOMC meeting. Analysts anticipate increased volatility as the conflict worsens. In response, gold and silver have reached new highs, and Bitcoin has risen to $92,400.
