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COINOTAG News reported on October 28 that President Donald Trump publicly claimed Federal Reserve Chair Jerome Powell is either incompetent or a bad actor and suggested he could resign within months. The report attributes the remarks to Xinhua News Agency. The assertion appears to be political commentary rather than a formal Fed policy statement.
As markets parse the credibility of monetary policy leadership, risk assets, including cryptocurrency, may display heightened volatility in response to headlines about the Federal Reserve and its policy trajectory. Traders will weigh potential shifts in interest rates and liquidity conditions, with crypto markets often reacting to macro cues.
The piece underscores that verification rests with official channels, and no endorsement of the statement is implied. Readers are advised to rely on official Federal Reserve communications and reputable outlets for confirmation.
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