Jerome Powell Prepares to Step Down as Fed Chair
- Monetary Policy Shift: During Powell's tenure, the Fed transitioned from gradual interest rate hikes to a zero interest rate policy, particularly during the pandemic, implementing unlimited bond purchases and emergency lending mechanisms that successfully prevented a liquidity crisis and laid the groundwork for a V-shaped recovery in the U.S. economy.
- Inflation Response Measures: Despite initially viewing inflation as 'temporary,' Powell oversaw the Fed's most aggressive tightening since the 1980s after annual inflation peaked at 9.1% in 2022, raising interest rates 11 times to a range of 5.25-5.5%.
- Economic Soft Landing: Amid aggressive rate hikes, the U.S. economy achieved a 'soft landing,' with inflation significantly retreating while the labor market remained relatively strong, reflecting Powell's efforts to balance economic stability with inflation control.
- Challenges to Independence: Throughout his term, Powell faced public pressure to cut rates, particularly during the Trump administration, yet he worked to maintain the Fed's independence, receiving rare joint support from central banks worldwide, highlighting his leadership in a complex environment.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.61 | 1.777 | 1.925 | 2.092 | 2.24 | 2.407 | 2.555 |
| Fibonacci | 1.777 | 1.898 | 1.972 | 2.092 | 2.213 | 2.287 | 2.407 |
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