🔥 Is This Why Bitcoin’s Surging? Trump Turns Up the Heat on Fed Chair Powell! 🚨
In a bold move today, former President Donald Trump reignited pressure on Federal Reserve Chairman Jerome Powell, demanding urgent interest rate cuts — and it seems the markets are listening!
Trump argued that inflation is no longer a threat, pointing to dropping energy and food prices as proof. “Preventive rate cuts are being called for by many,” Trump declared. “Energy costs are way down, food prices have dropped significantly, and nearly everything else is trending lower. There’s barely any inflation left.”
But that wasn’t all — Trump warned that if Powell doesn’t act fast, the U.S. economy could hit a serious slowdown. He didn’t hold back either, nicknaming Powell “Mr. Too Late” and accusing him of dragging his feet — “We risk a stalled economy if this guy doesn’t cut rates now.”
Trump also took a jab at the European Central Bank, noting they’ve already cut rates seven times while the U.S. continues to hesitate. And in a fiery claim, he accused Powell of political bias during the 2020 elections — hinting that the Fed moved rates to favor Biden and Harris.
Meanwhile, Powell has yet to respond, sticking to his policy of data-driven, apolitical decisions. The Fed is expected to hold rates steady in May, with the first potential cut eyed for June.
And here’s where it gets interesting — Bitcoin immediately reacted. Within hours of Trump’s statement, BTC soared over 3% in a single day! Could this be the spark behind Bitcoin’s fresh bullish momentum?
The battle between Trump and Powell continues, and the crypto market is loving the volatility.
What do you think — is Bitcoin just getting started? 🚀
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