World central banks rally behind Powell, stress Fed independence

Recent reports suggest that global central banks are rallying behind Fed Chair Powell, emphasizing the independence of the Federal Reserve. This move could influence US economic and monetary policies, especially in the context of the Crypto and gold markets. Experts indicate that rising political pressure may lead to growing concerns over the US Dollar, potentially driving demand for alternative assets like Bitcoin and gold. For instance, this may result in increased market volatility, prompting investors to consider safety assets. The market is currently reacting sensitively to new developments, and changes in data or announcements could further affect dynamics. Market participants should closely monitor news surrounding the Federal Reserve.