Trump vs Fed: Ongoing Feud Sparks Concerns Over Independence

The ongoing feud between President Donald Trump and Federal Reserve Chair Jerome Powell has reignited concerns over the Fed's independence.

A recent internal watchdog report cleared Powell of any wrongdoing in a $2.5 billion headquarters renovation project that Trump had used to attack him for months.

However, Trump still wants Powell to resign or face lawsuits from the US government, despite the lack of evidence against him.

The perceived threats to Fed independence can weaken market confidence and potentially increase volatility in assets like Bitcoin.