Powell Flipping the Table and Not Leaving? The Crypto Market's "Savior" Script Needs a Rewrite!

Today's news is quite explosive – Powell is really serious this time. Facing criminal investigation pressure from the Trump administration, the old man directly issued a statement through his lawyers: Want to come after me? Then when my chairman term ends in May, I'm not leaving – I'll stay in my board position until 2028! The message is crystal clear – the more you guys pressure me to cut rates, the more I'll dig in to protect the Fed's independence.

Personal take: This whole drama basically comes down to Trump wanting to install his "own person" Waller to take over and manipulate rate cuts, but Powell just flipped the table and refused to play. Plus, the details exposed in the documents are quite subtle: Powell's lawyers hinted that if the investigation doesn't stop, Trump simply won't have enough votes in the Senate to confirm a new chairman. What does this mean? It means the power transition at the Fed could get stuck in a deadlock!

Impact on the crypto market: In the short term, this news exacerbates policy uncertainty – it's bearish. Funds hate this kind of chaos when heavyweights are fighting, and volatility will intensify. But thinking deeper, if Powell really stays on, it actually eliminates the market's concerns about aggressive quantitative tightening after Waller takes over. This essentially cools down "tightening expectations."

What players should do: Just keep an eye on the Fed meeting on March 18th. Powell's press conference this time will definitely be asked about his future – if he takes a hardline stance, the dollar and US treasuries will continue to wobble, and Bitcoin will probably ride another roller coaster.

Blogger's Daily Share: Not transcending the market, only transcending the heart.

If Powell really stays until 2028, do you think it's long-term bullish or bearish for crypto? Let's chat in the comments!

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