📌 Trump pressures the US Federal Reserve.. Is it time to cut interest rates?

The US markets have witnessed a new debate following allegations of real estate fraud against Lisa Cook, a member of the Federal Reserve Board. The head of the Federal Housing Agency, Bill Bolte, stated that she should resign immediately, while US President Donald Trump supported this call on his platforms.

👀 If Cook resigns, Trump could gain a majority within the Fed of members in favor of lowering interest rates, which opens the door for significant changes in monetary policy in the coming months.

📉 This development is seen as a new attempt by Trump to pressure Fed Chairman Jerome Powell to push him towards lowering interest rates, which will directly affect financial markets and the cryptocurrency market.

Do you think the Fed will succumb to Trump's pressure and start cutting interest rates soon? 🤔

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