🇺🇸 *White House Trade Adviser Navarro Slams Powell's Rate Hold* 📉🔥
Peter Navarro has openly criticized Fed Chair *Jerome Powell* for holding interest rates steady, claiming it's causing *"significant harm"* to the U.S. economy.
🔍 What's the issue?
- *High rates = tighter credit* 💳❌
Businesses and consumers face higher borrowing costs, slowing spending & investment.
- *Market pressure* 💼📉
Investors expected rate cuts to stimulate the economy — no cut means risk-off sentiment remains.
- *Political heat* 🔥
With elections nearing, economic pain from high rates becomes a political liability.
📊 Crypto Impact:
- *Bitcoin & Crypto LOVE lower rates* 🪙🚀
Rate cuts = more liquidity = higher risk appetite. If Powell cuts later this year, crypto could fly.
- *Holding rates* may keep *crypto in consolidation* for now as investors wait for clarity.
🧠 Takeaway:
Navarro’s frustration reflects broader tension between *economic health* and *Fed caution*. If inflation keeps cooling, pressure will mount on Powell to act. When he does, expect *crypto & stocks to react fast*. Stay ready 📈🔔