🚨🚨🚨🚨 Federal Reserve's Dilemma – Powell Holds Firm as Trump Pushes for Cuts
Federal Reserve Chairman Jerome Powell remains firm in his current stance—interest rates will stay elevated until inflation shows a sustained decline. Powell emphasized that his main goal is to bring inflation under control while lowering unemployment across the U.S. economy. Despite growing pressure, Powell has not signaled any immediate rate cuts, as he believes acting too soon could reignite price pressures.
On the other hand, former President Donald Trump is strongly in favor of reducing interest rates, arguing that such a move would fuel a boom in American businesses. Trump publicly criticized Powell’s cautious approach, even labeling him "stupid" for resisting rate cuts. While some of Trump’s economic tactics have shown short-term effectiveness, they've also created challenges for several sectors. With global oil prices surging due to geopolitical conflicts, the spotlight now shifts to alternative safe havens like gold and crypto assets—especially Bitcoin, often called “digital gold.” Could crypto be the next major beneficiary of monetary uncertainty? Time will tell, but the battle between rate policy and market momentum is heating up.
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