#BTCOutlook

In the US financial system, the Federal Reserve (the US central bank) plays a crucial role in guiding the national economy through its monetary policy decisions 📉💰, such as setting interest rates and managing inflation 📊. At the head of this institution stands the Chairman of the Federal Reserve, a position characterized by independence and distance from direct political interference ⚖️.

Jerome Powell, who holds the position of Chairman of the Federal Reserve, was appointed to this position in 2018 during the presidency of Donald Trump 🇺🇸. However, despite being Trump's nominee, the relationship between the two men was tense 😠, as Trump publicly criticized Powell for his monetary policies, especially raising interest rates 💸.