đš BREAKING: Trump Demands Rate Cuts, âWould Loveâ Powell to Resign đš
President Trump publicly urged for interest rates to be slashed to 1%âdown from the current 4.25â4.5%âwhile labeling Fed Chair Jerome Powell âstupidâ and stating heâd welcome his resignation .
Whatâs happening:
Trump vows to only appoint a new Fed chair committed to deep rate cuts.
Heâs reportedly narrowed candidates to 3â4 names, including those already sympathetic to dovish policy .
Markets are reacting:
âą đ Dollar dropped to a 3-year low
âą đ Treasury yields slipped further
âą đ Equities and crypto assets climbed on anticipation of dovish pivots .
đ Market Implications
Trumpâs pressure has fractured unified Fed resistanceâwith even moderate voices (like Waller and Bowman) now hinting at possible rate cuts this summer .
Crypto traders: Keep a close eye on the DXY and bond yields. A weaker dollar and lower yields = boost for $BTC , $ETH , and risk-on assets.
đ§ Final Take
Trump is turning up the heat on Powell and the Fed. A shift toward dovish policy could have massive positive ramifications for crypto and equitiesâespecially if cuts are announced or signaled. But the Fedâs independence remains intactâso watch the balance between political pressure and economic data.
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