♦️ U.S. President Donald Trump has repeatedly called for a reduction in U.S. interest rates, culminating today, Thursday, in his demand for Federal Reserve Chair Jerome Powell to resign. However, the U.S. central bank has so far refrained from lowering rates, citing concerns about stagflation and the growing U.S. deficit.

♦️ The Federal Reserve fears stagflation hitting the U.S. economy, which may force it to raise rates instead of lowering them. As of May, the number of members on the Federal Open Market Committee who see upside risks to their inflation and unemployment forecasts stood at 14.

♦️ Additionally, 18 and 17 members saw upside risks to inflation and unemployment, respectively, in March. On the other hand, none of the members of the Federal Open Market Committee expected downside risks to the unemployment and inflation rates in May.

♦️ We have also seen this pattern in March 2025, December 2024, and September 2024. The Federal Reserve continues to express its concerns regarding the stagflation outlook for the U.S. economy, which is why Powell has not resumed interest rate cuts. #NFPWatch $ETH #BTCReclaims110K $BTC #TrumpVsMusk $SOL #REX-OSPREYSolanaETF #DYMBinanceHODL