Donald Trump has made new sensational comments about the Federal Reserve overhaul. Trump has been keenly pursuing the idea of replacing Jerome Powell as the current head of the Federal Reserve, appointing someone else to lead the prestigious department. This development has been gaining momentum as of late, with Trump stating that he wants Powell, the current Fed chair, out of the picture.
That being said, this narrative will certainly take a significant toll on the price of Bitcoin and Ethereum, which have lately been toiling in the dark, finding ways to spike and surge to new highs. Will this development prove to be beneficial for both tokens? Let’s find out.
Also Read: Cryptocurrency Market Loses $343 Million As Bitcoin Falls to $113k
Trump’s Fed Dilemma: What’s Happening?
Donald Trump is outright speaking out against the current Fed chair, Jerome Powell. In one of his recent interviews, Trump stated that he has been considering four candidates to replace Jerome Powell, driven by the fact that he is refusing to lower rates that the US economy is desperately in need of.
JUST IN: 🇺🇸 President Trump says 4 people are being considered to replace Jerome Powell as Federal Reserve Chair. pic.twitter.com/ds8oYjvLd7
— Watcher.Guru (@WatcherGuru) August 5, 2025
Trump emphasized the fact that each point in time is costing $365B to the US economy because of the Federal Reserve’s decision not to lower interest rates.
“🚨 BREAKING – President Trump goes SCORCHED EARTH on Jerome Powell. Each point at this point costs us $365 BILLION. It’s all because of the Fed.”
🚨 BREAKING – President Trump goes SCORCHED earth on Jerome Powell.
— The Patriot Oasis™ (@ThePatriotOasis) July 30, 2025
"Each point this point costs us $365 BILLION, It's all because of the Fed." pic.twitter.com/GPk6O8oAwP
Moreover, per a recent Kobeissi Letter post on X, Trump will be announcing a new Fed chair by the end of this week. Speaking about the potential candidates in the queue for the appointment, Trump shared how four candidates in total are up for the selection, defining them as “two Kevins and two other people.”
The Fed Chair reality TV show:
— The Kobeissi Letter (@KobeissiLetter) August 5, 2025
Earlier today, Trump said his Fed Chair pick was down to 4 final contenders.
Now, President Trump says his Fed Chair pick is down to “2 Kevins and 2 other people.”
Can we get the first names of the other 2?
Price Of Bitcoin, Ethereum Once New Fed Chair Is Selected?
Lowering interest rates often makes US dollar-backed assets appear less lucrative to the world for investment purposes. This may accelerate a rapid Bitcoin and Ethereum price rally, where a palpable investor sentiment shift could trigger a massive price surge for BTC and ETH.
Bitcoin may surge to sit at $150K to $155K, provided the new Fed chair favors multiple rate cuts.
For Ethereum, the platform predicts a new price level of $5200 to $6800. Moreover, ETH is already attracting major institutional activity and demand.
Also Read: Bitcoin at $3.2K in 2017: What’s $1000 of BTC in 2017 Worth Now?