#TrumpVsPowell 📊📈🇺🇸
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Trump vs. Powell: What is the conflict?🤜🤛
Donald Trump has criticized Jerome Powell, the Chairman of the Federal Reserve (Fed), several times for:
Raising interest rates (Which cools the economy and makes money more expensive).
Not sufficiently supporting his pro-growth economic policy.
Trump favors low or even negative interest rates to boost economic growth, while Powell has tried to control inflation with higher rates.
How does this affect cryptocurrencies?📍📊📉
Cryptocurrencies, especially Bitcoin, tend to behave as an alternative asset when:
Interest rates are low (more money circulating, more appetite for risky assets).
There is distrust in traditional institutions like banks or governments.
High inflation is expected or a loose monetary policy (printing more money)
If Trump pressures Powell or replaces him with someone more dovish (pro-low rates), we could see:
Lower rates or expectations of them 'n that tends to push cryptocurrency prices up.
More money printing / less control over inflation 'n What reinforces the narrative of Bitcoin as a store of value.