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Trump and Powell Conflict Escalates, Bitcoin Rises 1%, Nasdaq Futures and the Dollar Fall
As tensions between U.S. President Trump and Federal Reserve Chair Powell escalate, market sentiment is disrupted, with Bitcoin rising 1%, while U.S. stock index futures and the dollar decline.
Powell stated that the legal actions involved are clearly politically motivated, aimed at pressuring the Fed to cut interest rates significantly. However, the prediction market does not believe this dispute will escalate to the point of forcing Powell to resign early.