📢Trump’s Fed Outburst Fails to Jolt Bitcoin
Trump, on his social media platform Truth Social, said Powell was “too late” in lowering interest rates, saying his “termination cannot come fast enough!” The President’s words come after Powell said the central bank sees unemployment and inflation rising because of the tariffs Trump imposed on most other countries.
The tit-for-tat has further raised uncertainty, to the point the S&P 500 closed the shortened trading week up just 0.1%, while the tech-heavy Nasdaq dropped 0.1%.
Trump's push for rate cuts amid tariff-driven inflation risks could reignite bitcoin's original 'hedge against eroding purchasing power' narrative. Its recent risk-off behavior may be short-lived as monetary policy uncertainty intensifies.
