WASHINGTON, D.C. — Former U.S. President Donald Trump has reignited the economic debate, claiming that tariffs had "ZERO" effect on inflation, while harshly criticizing Federal Reserve Chairman Jerome Powell over his handling of interest rates.
> “Powell has been whining like a baby about non-existent inflation for months,” Trump stated in a fiery message, adding, “CUT INTEREST RATES JEROME!”
Trump's comments arrive as the crypto market shows renewed momentum, with major coins like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) climbing on expectations of monetary easing.
Analysts say Trump’s push for rate cuts could significantly fuel the next crypto bull run. Lower rates typically reduce the appeal of traditional savings and bond yields — pushing more investors toward risk-on assets like crypto.
With inflation data cooling and the Federal Reserve still holding rates between 4.25% and 4.50%, calls for cuts are growing louder across both Wall Street and the crypto community.
Meanwhile, platforms like Binance, Coinbase, and Kraken have reported rising trading volume in anticipation of a rate-friendly policy shift. Some traders are already eyeing Bitcoin at $100K and Ethereum over $10K if the Fed begins slashing rates in late 2025.
As Trump positions himself as a pro-growth candidate heading into 2024, crypto investors are closely watching how monetary policy — and political pressure — could shape the future of digital assets.