According to The Kobeissi Letter, Fed Chair Jerome Powell publicly countered President Trump's criticism, saying the threat of criminal charges is a consequence of the Fed setting rates based on its assessment rather than the President's preferences; source: The Kobeissi Letter on X, Jan 12, 2026. According to The Kobeissi Letter, US stock futures fell over 0.5% immediately after the remark, and the Fed is expected to pause rate cuts again on January 28, underscoring near-term event risk for rates-sensitive assets; source: The Kobeissi Letter on X, Jan 12, 2026. Crypto traders should note that macro shocks and equity selloffs have historically coincided with higher crypto–equity correlation, implying potential volatility spillover to BTC and ETH during policy uncertainty; source: International Monetary Fund, Crypto Prices Move More in Sync with Stocks, 2022.