Following a rate decision, Powell resisted Trump's threats while facing opposition from Michelle Bowman, leading to a dip in the crypto market.
2 reports, 2 independent
Updated Jul 29
Gone quiet
- Reports
- 2
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
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What happened
Following a rate decision, Powell resisted Trump's threats while facing opposition from Michelle Bowman, leading to a dip in the crypto market.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Amid dollar debasement, Trump criticized Powell regarding the FED's hawkish stance, driving flight to hard assets like Bitcoin.Sub-event
Fed rate decision causes crypto dip amid Trump threats and internal dissent.1 source
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The entities involved
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FED
business
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Jerome Powell
president of the FED
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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Bitcoin
digital cash system and associated currency