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Fed Chairman Powell May Resign! How Will Bitcoin be Affected by (BTC)?
Cryptocurrency investors have been arguing for a long time that the Federal Reserve should lower interest rates. Although U.S. President Donald Trump also displays a similar stance, Federal Reserve Chairman Jerome Powell is not backing down on this issue.
Recently, the U.S. Federal Housing Finance Agency published an official announcement. This short official document concerning the resignation of FED Chairman Powell caught the attention of all investors. Washington, D.C. – "The news that Jerome Powell is considering resigning has given me hope. I believe this would be the right step for America and that the economy will revive."
Currently, many people in the Trump Administration want Powell to resign. In the process ahead, Jerome Powell's departure from the FED will likely initiate interest rate cuts.
The new incoming name is expected to start direct interest rate cuts. In this scenario, the leading cryptocurrency Bitcoin (BTC) and the rises in altcoins may accelerate.