A recent court ruling has created a seismic shift in the U.S. financial landscape, granting President Donald Trump the ability to remove Federal Reserve Chairman Jerome Powell. This development has significantly increased the pressure on Powell to cut interest rates, something Trump has long been demanding. With recent economic data categorized as 'very good' and interest rates now on the table, many analysts point to the possibility that the first cut of the year could happen as early as June.
Meanwhile, the crypto market seems to be breathing after a period of instability, with XRP showing signs of stability around 2.34. But the most important thing is the growing institutional interest in Ripple, with the launch of XRP futures at the financial giant CME Group, a key milestone for its large-scale adoption. Additionally, the injection of $250 million in liquidity through Circle adds to the positive market expectation.
Will Jerome Powell withstand the pressure from Trump and maintain his economic strategy? Or will the rate cut be the starting point for a boom in the crypto market? The coming days will be key to clarifying these uncertainties.
