#PowellRemarks

Trump Angry at Fed Governor Jerome Powell, Calls for Lowering US Benchmark Interest Rates

Trump urged Powell to cut US benchmark interest rates at this time, saying it is the right moment. He pointed out that Powell is always 'late' in making decisions at the Fed.

"This would be the right time for Fed Chair Jerome Powell to cut interest rates. He is always 'late,' but he can change his image now, and quickly," wrote Trump.

Federal Reserve Chair Jerome Powell emphasized that the US central bank will not rush to react to the tariffs imposed by the Trump administration or to the financial market turmoil occurring amid concerns about a global economic downturn.

The tariffs are likely to have a significant impact on the US economy, including slower growth and higher inflation, Powell said on Friday at a conference in Virginia.

"Even if they conclude that they need to cut interest rates, they will likely do so more slowly than they should because we will be in the midst of an inflationary push."

With the current heated political climate in the world, it significantly affects the stock market and crypto such as BTC, XRP, SOL, and other coins, leading to a tendency for crypto coin prices to experience more declines rather than increases.