Trump's Stance on Interest Rates

President Donald Trump has expressed his desire for interest rates to be at *1%*, stating that rates should be "three or four points lower" to bolster the U.S. economy. Trump believes this would foster economic growth despite the Federal Reserve's reluctance to lower rates.

Context and Implications

- *Economic Conditions*: Economists argue that a 1% interest rate could backfire, risking inflation and undermining the Fed's credibility, given the current economic conditions (near-full employment, 2% growth, and 2.5% inflation).

- *Fed's Mandate*: The Federal Reserve's primary goals are maintaining stable prices and full employment, not facilitating deficit financing.

- *Market Reaction*: Trump's push for lower rates could impact markets, including cryptocurrencies, with potential bullish trends if rate reductions materialize .

Trump's Pressure on the Fed

- Trump has sent Fed Chair Jerome Powell a handwritten note urging lower rates, arguing the U.S. is losing "trillions of dollars in interest cost".

- The Fed is expected to cut rates in September, with CME FedWatch data showing a 99.9% chance of a 25-basis-point cut .

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