Powell Flipped the Table and Won't Leave? The Crypto Market's "Savior" Script Needs a Rewrite!

Today's news is quite explosive—Powell is genuinely furious this time. Facing criminal investigation pressure from the Trump administration, the old man directly sent word 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 push me to cut rates, the more I'll stay put to defend the Fed's independence.

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

Impact on the crypto market: In the short term, this news intensifies policy uncertainty—bearish. Capital hates this kind of messy infighting between immortals; volatility will escalate. But thinking deeper, if Powell truly stays on, it actually eliminates market concerns about aggressive balance sheet reduction after Waller takes over. That's essentially cooling down "tightening expectations."

What players should do: Just keep an eye on the March 18 Fed meeting. Powell's press conference will definitely be grilled about his future plans. If he takes a hardline stance, the dollar and Treasury bonds will keep swinging, and Bitcoin will likely continue on the rollercoaster ride.

Blogger's daily sharing: Not saving the market, only saving the heart.

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

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