Trump Calls Fed Chair Powell a "Major Loser" Over Rate Policy
Current President Donald Trump escalated his criticism of Federal Reserve Chair Jerome Powell today, calling him "Mr. Too Late" and a "major loser" for maintaining current interest rates.
Key Details:
- Trump's comments came as US markets showed renewed volatility
- The attack focuses on Powell not cutting rates quickly enough
- "There can be a slowing of the economy unless rates drop NOW," Trump warned
Crypto Impact:
Historically, Trump's Fed criticisms have correlated with:
• Increased Bitcoin trading volume
• Heightened interest in crypto as inflation hedge
• Policy uncertainty driving crypto market volatility
Market Reaction:
BTC price held steady during the remarks, suggesting traders may be pricing in this political tension.
