šØ BREAKING: Trump Demands Rate Cuts, āWould Loveā Powell to Resign šØ
President Trump publicly urged for interest rates to be slashed to 1%ādown from the current 4.25ā4.5%āwhile labeling Fed Chair Jerome Powell āstupidā and stating heād welcome his resignation .
Whatās happening:
Trump vows to only appoint a new Fed chair committed to deep rate cuts.
Heās reportedly narrowed candidates to 3ā4 names, including those already sympathetic to dovish policy .
Markets are reacting:
⢠š Dollar dropped to a 3-year low
⢠š Treasury yields slipped further
⢠š Equities and crypto assets climbed on anticipation of dovish pivots .
š Market Implications
Trumpās pressure has fractured unified Fed resistanceāwith even moderate voices (like Waller and Bowman) now hinting at possible rate cuts this summer .
Crypto traders: Keep a close eye on the DXY and bond yields. A weaker dollar and lower yields = boost for $BTC , $ETH , and risk-on assets.
š§ Final Take
Trump is turning up the heat on Powell and the Fed. A shift toward dovish policy could have massive positive ramifications for crypto and equitiesāespecially if cuts are announced or signaled. But the Fedās independence remains intactāso watch the balance between political pressure and economic data.
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