💥 Former U.S. President Donald Trump has launched a fiery accusation against Federal Reserve Chairman Jerome Powell, claiming that the Fed is keeping interest rates high for political reasons — a move that could carry serious economic and market implications.
🔶 What Did Trump Say?
📢 In a bold public statement, Trump accused Powell of manipulating rates to damage the current administration:
🔸 Powell is “intentionally keeping interest rates high”
🔸 Purpose? To weaken the U.S. economy under Biden’s leadership
🔸 Trump implied the motive is political sabotage ahead of the 2024 election
🔸 🗣️ “The interest rates are only high to hurt the current administration,” he reportedly said
🔶 Why This Matters
The Federal Reserve’s independence is a cornerstone of U.S. monetary policy. Trump’s accusations raise serious questions:
🔸 Is the Fed acting on data or political influence?
🔸 High interest rates impact:
🏠 Mortgage costs
💳 Credit card debt
🏢 Business borrowing
📉 Consumer spending
🔸 If Powell is politically motivated, it undermines trust in the entire financial system
🔸 Such claims could spark market volatility and investor uncertainty
🔶 Bitcoin & Risk Assets React?
With this political-economic drama unfolding, crypto assets like Bitcoin (BTC) may benefit:
🔸 If rate hikes are seen as politically driven, investors may:
✅ Seek decentralized alternatives
✅ Use Bitcoin as a hedge against manipulation and inflation
🔸 📈 Even Jim Cramer recently commented:
> “Why don’t you buy some Bitcoin?... It’s a nice hedge.”
🔸 This sentiment aligns with rising crypto adoption amid macro and political instability
🔶 Final Thoughts
As the 2024 election approaches, expect:
🔸 More political pressure on the Fed
🔸 Heightened market sensitivity to central bank decisions
🔸 More volatility in traditional and crypto markets
💡 Traders should consider: ✅ Defensive strategies
✅ Diversification
✅ Watching macro headlines closely
⚠️ Disclaimer
This article is for informational purposes only and not financial advice. Always do your own research before making investment decisions.
