$XRP Update 🇺🇸
Fed Chair Powell Pushes Back for the First Time
For the first time since President Trump publicly criticized the Federal Reserve, Fed Chair Jerome Powell has responded.
Over the past 12 months, Powell consistently avoided commenting on President Trump’s remarks, often stating that he had “no response” or “no comment.”
That stance changed today.
According to Powell, amid a new criminal probe reportedly being conducted by federal prosecutors, he suggested that the pressure he is facing is a consequence of not aligning with the President’s policy preferences. His remarks were widely interpreted as a defense of the Federal Reserve’s independence.
Following these comments, U.S. stock market futures declined by more than 0.5%, signaling increased market sensitivity to political and monetary policy tensions.
This development comes just days before the Federal Reserve is expected to pause interest rate cuts again on January 28, reinforcing uncertainty around future monetary policy.
With approximately six months remaining in his term as Fed Chair, Powell appears to be taking a firmer public stance on protecting the independence of the central bank.
As tensions between Trump and Powell escalate, markets may experience heightened volatility, impacting equities, cryptocurrencies, and risk assets such as $XRP .
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