During an interview with Fox Business, former U.S. President Donald Trump openly stated that choosing Jerome Powell as Federal Reserve Chair was “a major mistake,” and he rarely admits that he was more inclined toward Kevin Wirth but did not push for it. He said this decision did not align with his economic philosophy of emphasizing growth and momentum, and the Fed’s policy pace also failed to support that direction. This statement quickly sparked market discussion and was seen as a strong hint about the future direction of monetary policy.
Kevin Wirth is not an ordinary choice. He served as a Federal Reserve Board member from 2006 to 2011, deeply involved in decision-making during the global financial crisis, and is known for his hawkish stance on inflation. In 2017, he was a top contender for Fed Chair, ultimately ranking second. Trump’s “revisiting old issues” is interpreted by outsiders as a reflection on past decisions and signals a reconsideration of future policy candidates.
The conflict between Trump and Powell has long existed. During the Fed’s series of rate hikes in 2018, Trump publicly criticized them multiple times, believing that tightening policies suppressed economic expansion and weakened competitiveness. Even after the pandemic and changing circumstances, this dissatisfaction has not dissipated. Now, with Powell’s term extending until 2028, Trump’s recent remarks, though not naming a replacement, have prompted markets to reassess potential policy shifts at the Fed.
Changes in monetary policy have profound impacts on risk assets. An easing environment often boosts liquidity, which is a key driver of volatility in crypto markets and tech stocks. Looking back at 2020 to 2021, aggressive easing by the Fed coincided almost exactly with Bitcoin’s sharp rise. Therefore, Trump’s comments are seen as a potential macro variable that could influence investor perceptions of interest rates, the dollar’s trajectory, and the outlook for digital assets.
This is not just a political statement but also a test of policy direction. For traders, changing expectations mean new opportunities; for long-term investors, it requires re-evaluating macro opportunities and risks. The Fed’s next move is once again drawing global capital’s attention.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
NYSE Exchanges Remove 25,000-Contract Options Cap on 11 Bitcoin and Ether ETFs
NYSE Arca and NYSE American have removed the 25,000-contract position and exercise limits on options tied to 11 spot Bitcoin and Ether exchange-traded funds (ETFs), with the rule changes filed on March 10, 2026, becoming immediately effective after the Securities and Exchange Commission (SEC) waived the standard 30-day waiting period.
CryptopulseEliteJust Now
Bitcoin Miners' Mining Cost Reaches $88,000, Market Price $69,200, Average Loss of 21%
Bitcoin miners currently have an average production cost of $88,000, with market prices around $69,200, resulting in losses of 21%. Mining difficulty has decreased by 7.76%, with hash price approaching the break-even line. Most mining enterprises are shifting toward AI business, and increased miner Bitcoin sales are adding selling pressure to the market. The next difficulty adjustment is expected in early April, and if conditions persist, further downward adjustments may occur.
GateNews4m ago
Tianqiao Capital Founder: BTC Four-Year Cycle Still Valid, Expects Rally to Resume in 2026 Q4
Skybridge Capital founder Anthony Scaramucci stated that Bitcoin's current bear market can be explained by the four-year cycle theory, with long-term holders concentrating their selling around $100,000. He predicts that Bitcoin will rebound in the fourth quarter of 2026, marking the start of a new bull market cycle. While institutional investor inflows and ETF capital flows have suppressed the four-year cycle, they have not completely eliminated its pattern.
GateNews20m ago
Crypto Market Review: Did Shiba Inu (SHIB) Finally Hit Price Top? Bitcoin's Catastrophic Tumbling Might Not Be Over, Can XRP Realistically Lose $1? - U.Today
Shiba Inu's momentum cannot be maintained
Volumes are unhealthy
Will Bitcoin recover?
XRP's price drop is not simple
XRP might tumble even lower
Exhaustion rather than recovery is a great way to characterize the current state of the cryptocurrency market. The back-and-forth that we are
UToday1h ago
NYSE Cancels Crypto ETF Options Position Limit of 25,000 Contracts, SEC Exempts 30-Day Waiting Period
NYSE Arca and NYSE American, subsidiaries of the New York Stock Exchange, have submitted rule changes to the SEC to eliminate position limits on spot Bitcoin and Ethereum ETF options, effective immediately. This change affects 11 cryptocurrency ETFs and allows large, liquid ETFs to have higher position limits. Meanwhile, Nasdaq ISE has proposed increasing the position limit for IBIT exclusive options to 1 million contracts, pending review.
GateNews1h ago
