Trump Issues Huge Fed Challenge -- Sparking Stock Market Plunge As Gold And Bitcoin Price Soar

Contributing sentiments towards policy:

53% : Sign up now for the free CryptoCodex -- A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run "The president and his team will continue to study that matter," Kevin Hassett, Trump's economic adviser, told reporters at the White House when asked if firing the Fed chair was an option and if Trump has the authority to remove Powell.
49% : " Trump's barrage of global trade tariffs have blown up the established order of international trade, fuelling market uncertainty and driving investors out of risk assets such as bitcoin and crypto.
46% : However, intervention of some kind will be needed at some point, whether it's rate cuts, quantitative easing or Trump softens.
41% : "'Preemptive cuts' in interest rates are being called for by many," Trump posted to his Truth Social account.
41% : "Bitcoin and gold are surging in tandem this morning as the market digests yet another shock move from the U.S. president Donald Trump -- this time, an apparent outright threat to fire Federal Reserve chair Jerome Powell," Nic Puckrin, crypto analyst and founder of The Coin Bureau, said in emailed comments.
32% : "With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a slowing of the economy unless Mr. Too Late, a major loser, lowers interest rates, now," Trump wrote, adding Europe has "already 'lowered' seven times.
21% : Last month, influential Democratic Party senator Elizabeth Warren said Trump could try to fire Powell, ominously warning, "nobody is safe." "It would be a huge, huge shock," Bilal Hafeez, chief executive of investment research company Macro Hive, told The Telegraph newspaper.
18% : " Now, as billionaire Ray Dalio warns the U.S. is teetering on the verge of a financial crisis and recession that could be worse than 2008, the White House has confirmed Trump is exploring whether he can fire Federal Reserve chair Jerome Powell -- something that could trigger an "apocalyptic scenario" for markets.
9% : "With energy costs way down, food prices (including Biden's egg disaster!) substantially lower, and most other 'things' trending down, there is virtually no inflation," Trump wrote.
5% : This week, Trump posted to his Truth Social account that "Powell's termination cannot come fast enough" after Powell reiterated his intention to keep interest rates on hold due to uncertainty over Trump's tariff trade war.

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