Hey everyone, quick update on big US news that’s affecting markets & crypto too!
President Trump just spoke to Reuters (a big news agency) today (Jan 15, 2026).
People were asking if he will fire Jerome Powell (the boss of the US Federal Reserve, like our central bank chief).
Trump said clearly:
“I don’t have any plan to do that” (meaning no plan to fire Powell right now).
But he also added:
• It’s still “too early” to decide what to do later.
• Right now, they are in a “wait-and-see” mode because of an ongoing Department of Justice (DOJ) criminal investigation into Powell (about some expensive building repairs at the Fed office that went over budget).
Why does this matter?
• Trump has been angry with Powell for a long time because he wants lower interest rates faster (to make borrowing cheaper & economy grow quicker).
• Powell says the investigation is just a way to pressure him & hurt the Fed’s independence (they should decide rates without politics).
• Many people (even some Republicans, Wall Street, old Fed bosses) are worried this is bad for trust in the US dollar & markets.
Bottom line for us:
Markets feel a bit calmer today because no immediate firing drama. Crypto & stocks like a stable Fed. But things can change — Powell’s chair job ends in May 2026 anyway, and Trump will pick someone new soon (maybe Kevin Warsh or Kevin Hassett).
