Jerome Powell's potential resignation as Federal Reserve Cha...

Jerome Powell’s potential resignation as Federal Reserve Chair introduces significant uncertainty into the markets. While some investors anticipate that a new, more dovish chair could lead to lower interest rates, potentially boosting equities in the short term, the broader implications are complex. Concerns include the erosion of the Fed’s independence, which could result in a weaker U.S. dollar, increased market volatility, and higher long-term interest rates, making borrowing more expensive for mortgages and corporate bonds. (reuters.com)

In the cryptocurrency market, Bitcoin has shown resilience amid these rumors, maintaining stability around $105,000. Analysts suggest that Bitcoin’s perception as an “alternative safe haven” is strengthening, even as traditional markets react to potential shifts in monetary policy. (en.coin-turk.com)

Overall, Powell’s resignation could have both bullish and bearish effects, depending on the subsequent policy direction and market perceptions of the Fed’s autonomy.