Global financial and crypto markets are in turmoil amid bold political statements, shifts in regulatory policy, and sharp fluctuations in global prices. At the center of attention are former U.S. President Donald Trump, Federal Reserve Chair Jerome Powell, a steep drop in U.S. oil exports, and a new all-time high for gold.
Trump Demands Powell’s Resignation: Interest Rates and Oil Under Pressure
Former U.S. President Donald Trump has sharply criticized Federal Reserve Chairman Jerome Powell, stating that he should resign immediately. The reason: the prolonged delay in lowering the key interest rate.
> “Powell should have cut rates long ago, just like the ECB. And now he’s absolutely obligated to do it,” Trump declared.
According to him, prices for oil, food, and eggs are already declining — allegedly signaling an economic recovery in the U.S. He also emphasized that tariffs are bringing profit to the country, and therefore it’s time for a more flexible monetary policy.
The Fed to Loosen Control Over Banks and Digital Assets
While Trump is calling for drastic measures, Jerome Powell himself is making more measured statements. He confirmed that the Federal Reserve plans to ease restrictions on banks, including those related to digital assets.
According to Powell, the crypto industry has experienced numerous fraud cases in recent years, but the situation is gradually stabilizing. The Fed acknowledges that its approach has been overly conservative — especially compared to even stricter stances by other regulatory agencies.
> “I think we’ll see some easing going forward,” Powell said.
The Fed Chair stressed that innovation must be supported, but not at the expense of financial stability or consumer protection. He also spoke positively about recent legislative initiatives regarding stablecoins, highlighting the importance of transparency and proper safeguards for users.
China Turns Away from U.S. Oil: $20 Billion in Losses
One of the most unexpected economic developments was a sharp 90% year-over-year drop in Chinese purchases of U.S. oil.
At the same time, China’s imports of Canadian oil have surged by 700%, pointing to a major shift in energy logistics and trade priorities for the country.
Assuming an average price of $60 per barrel, the U.S. is losing about $20 billion annually, which could impact both GDP and dollar liquidity.
Gold Hits a New All-Time High: $3,350 per Ounce
Amid all this, gold has once again set a new record high — $3,350 per ounce. This reflects growing distrust in fiat currencies and a strong investor demand for safe-haven assets.
Gold’s rise could indicate expectations of a weakening dollar and future interest rate cuts. Political and economic instability around the world is also driving up prices.
For the crypto market, this is a signal of a potential surge in interest in Bitcoin as “digital gold,” especially if regulatory policies in the U.S. do in fact become more lenient.
The financial world stands on the brink of transformation. Trump’s statements are stirring tensions ahead of the elections, and the Fed’s approach could radically shift both the traditional and crypto markets.
If restrictions on digital assets are eased and investors continue to seek protection in gold and crypto, Q2 of 2025 may turn out to be even more explosive than Q1.
