Donald Trump has called for immediate interest rate cuts, criticizing Fed Chair Jerome Powell.
This comes ahead of Powell’s congressional testimony.
The crypto community sees Trump’s comments as a bullish signal, with expectations rising for looser monetary policy.
President Donald Trump has publicly intensified his criticism of the Federal Reserve, demanding immediate interest rate cuts in a social media post published just ahead of Fed Chair Jerome Powell’s semiannual testimony before Congress this week.
The direct political pressure has reignited optimism in the crypto market, which views lower interest rates as a bullish catalyst.
Trump Calls for ‘Two to Three Point’ Rate Cut
In his post on Truth Social, Trump criticized the central bank for not lowering rates despite what he described as favorable economic conditions. Trump accused the Fed of failing to look into the favorable economic conditions, noting that Europe has already implemented ten rate cuts, while the U.S. has seen none.
“No inflation, great economy. We should be at least two to three points lower,” Trump wrote.
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