The post Yellen Warns Against Trump’s Fed Dismissal Attempt appeared on BitcoinEthereumNews.com.

Key Points: Federal Reserve under threat, potential market destabilization, leadership conflict. Yellen warns of crisis in confidence globally. Bitcoin, Ethereum could rise on U.S. policy credibility fears. Former President Donald Trump has allegedly dismissed Federal Reserve Chair Jerome Powell, igniting a legal and political controversy that threatens the Fed’s independence and economic stability. The potential destabilization could affect global markets, leading to volatility in USD-related assets and influencing Bitcoin and Ethereum as potential safe havens. Trump’s Alleged Fed Interference Sparks Global Concerns Allegations that former President Trump sought to dismiss Federal Reserve Chair Jerome Powell were made, reportedly to influence monetary policy. This action was heavily criticized by former U.S. Treasury Secretary Janet Yellen, highlighting the potential collapse of monetary policy credibility. Concerns over destabilization have emerged due to potential interference with the Fed’s independence. The controversy poses threats to market stability globally and U.S. policy credibility. Yellen has urged Congress and the financial industry to oppose this alleged dismissal attempt, emphasizing a need to maintain the Fed’s independence. Market participants are already showing concern over volatility prospects, with stocks and dollar-backed assets under scrutiny, while cryptocurrencies like Bitcoin and Ethereum might attract safe-haven flows. “Trump claims to have ‘dismissed’ Powell with ‘just cause,’ this move is not only illegal but also extremely dangerous. This is a direct attempt to politicize the Federal Reserve, it is a threat to its leadership, and it is an attempt to force monetary policy to bend to the will of the president. This action could end the Fed’s independence— and what will follow is the collapse of U.S. monetary policy credibility at home and abroad.” Crypto Markets Watch: Bitcoin and Ethereum’s Potential Surge Did you know? Historical instances of political interference with the Federal Reserve, such as during the 1970s Nixon era, have led…

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Filed under: News - @ August 28, 2025 5:26 am