Jerome Powell, Chairman of the FED Considers Resignation

According to the latest information from Watcher.Guru, Federal Reserve Chairman Jerome Powell is said to be considering resigning. Although not yet confirmed, this development has drawn attention widely in financial and political circles, particularly due to its potential impact on monetary policy, investor confidence, and the digital asset market, especially XRP. Increased Political Pressure and Controversy Over Reform These rumors emerged after increasing criticism of the $2.5 billion renovation project of the Federal Reserve's headquarters in Washington, D.C., an initiative that many liken to the "Palace of Versailles." Critics, including members of Congress and President Donald Trump, accused Powell of misleading lawmakers by downplaying the project's extravagance. This backlash led to an official investigation by the Office of Management and Budget. On July 8, President Trump publicly called for Powell to resign immediately, blaming him for not managing interest rates responsibly and poorly handling the disclosure of information about the renovation project. Adding fuel to the fire, Bill Pulte, director of Fannie Mae and Freddie Mac, posted on X: "I am very excited about the news that Jerome Powell is considering resigning... I think this would be the right decision for America, and the economy will boom."

The Instability Surrounding Inheritance and Market Reaction Although Powell's term extends until May 2026, internal sources cited by Watcher.Guru indicate that the Chairman is under significant pressure and may voluntarily resign. Despite the growing speculation, there has yet to be any official announcement regarding a resignation, and those in the White House assert that the transition process has not yet begun. Potential candidates being considered for succession include Treasury Secretary Scott Bessent, former Fed Governor Kevin Warsh, and economist Kevin Hassett. However, any leadership change at the Fed, especially under pressure, could be seen as politically motivated and risk undermining investor confidence in the independence of the central bank. Impact on Interest Rates and Liquidity of Digital Currencies From a financial perspective, Powell's resignation could signal a significant shift in monetary policy. His departure could open the door for a more dovish Federal Reserve, likely to cut interest rates sooner than expected. This change would inject additional liquidity into the financial system, which is often a strong catalyst for risk assets, including digital assets.

For XRP, this potential increase in liquidity could translate into strong growth momentum. Historically, XRP has performed well in low-interest rate environments and a weakening dollar. During a similar monetary easing period in April 2025, XRP surged 4% in one week to $2.12. The Meaning of XRP and the Cryptocurrency Market in General If Powell steps down and his successor shifts to a more accommodative monetary stance, XRP and other cryptocurrencies could experience significant price increases due to a rise in capital inflow. However, a chaotic or politically motivated resignation could temporarily dampen market enthusiasm, especially if it leads to policy instability. As the report continues to draw attention, investors across traditional and digital markets are closely monitoring. Whether Powell continues or resigns, this story has been and continues to impact expectations and could set the stage for a new growth phase in the cryptocurrency market. $XRP {spot}(XRPUSDT)