US President Donald Trump is escalating pressure on the Federal Reserve, demanding a drastic cut in interest rates to 1% and suggesting he'd prefer Fed Chair Jerome Powell to resign. Trump criticized the Fed for keeping borrowing costs high, saying, "I think we should be paying 1% right now." He also made it clear that any successor to Powell would need to align with his economic agenda, particularly on rate cuts.

Trump wants the Fed to cut rates to 1%, significantly lower than the current range of 4.25-4.50%.

Powell's term as Fed Chair runs until May 2026, and Trump has indicated he'll nominate a successor who shares his views on rate cuts.

The Fed, however, remains cautious about cutting rates too quickly, citing concerns over reigniting inflation. Trump's demands have sparked debate over the independence of the Federal Reserve and the potential implications for the US economy.#DYMBinanceHODL $BTC