Another Fed day, another speech from the President of the United States about cryptocurrency and monetary policy
In the context of heated debates over interest rate policy, President Donald Trump did not hesitate to criticize Jerome Powell, the head of the Federal Reserve, for the decision to maintain interest rates and its negative impact on the U.S. economy.
The Fed's policy and its impact on the cryptocurrency market
In the hours leading up to the official announcement from the Fed, Trump publicly criticized the decision to keep interest rates unchanged, viewing it as a cause of unnecessary financial pressure. This raises questions about the role of monetary policy in the cryptocurrency world, where investors often see interest rates as a major factor affecting the prices of digital assets.
Interest rates from 4.25% to 4.50% are currently the upper limit in the Fed's current target. Experts predict that the next rate cut decision will be about a month away, in September. This has drawn more attention from cryptocurrency investors, as this policy shapes the main global capital flow trends.
Trump criticizes the Fed's decision and its impact on the cryptocurrency market
The President of the United States believes that the Fed's hesitation is causing significant losses to the economy. He emphasized that keeping interest rates high results in hundreds of billions of dollars in damage, and reducing interest rates could help mitigate these losses.
In the context of unclear monetary policies, cryptocurrencies – such as Bitcoin and altcoins – have recorded strong volatility, reflecting market anxiety about interest rates and inflation. Some analysts suggest that the Fed's policy could drive flows into uncontrolled assets like cryptocurrencies to hedge against risks.
The causes and reactions from politicians and cryptocurrency investors
In the press conference, Trump also mentioned the possibility of running the Fed himself, stating that he would do better than the current officials. He seems to view Powell's policy decisions as hindrances to the development of the digital economy.
Meanwhile, analysts argue that the decision to maintain interest rates not only affects financial policy but also directly impacts the global cryptocurrency market. Especially in the context of economies like Europe having experienced multiple consecutive rate cuts, competition with the Fed's policy has become increasingly intense.
The future of monetary policy and cryptocurrency is based on the Fed's decision
The Fed's policy not only guides the national financial strategy but also significantly affects global capital flows, including the cryptocurrency market. With the possibility of interest rates remaining high or decreasing next month, investors need to closely monitor the monetary trends of the United States to determine appropriate moves in the digital market.
The latest information on the Fed's policy will be a decisive factor in determining the direction of top cryptocurrencies like Bitcoin and Ethereum. These developments also serve as a measure of the stability and growth potential of the digital economy in the near future.
Source: https://tintucbitcoin.com/trump-che-powell-tu-tin-dieu-hanh-fed/
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