On May 29, 2025, President Donald Trump met with Federal Reserve Chair Jerome Powell at the White House, urging him to lower interest rates. Trump emphasized that keeping rates high could hurt the economy and called for action to boost growth.
Powell responded by reaffirming the Federal Reserve's independence, stating that any decisions would be based on data, not political pressure.
Implications for Crypto Investors
For Binance users and crypto traders, this development could signal potential market shifts. If rates drop, the U.S. dollar may weaken, and investors could turn to crypto assets like Bitcoin and even politically themed tokens.
One such token is $TRUMP (also known as MAGA), a meme coin gaining attention as Trump’s political profile rises again. Its value has shown strong correlation with Trump-related news, making it a coin to watch in this election cycle.
While the Fed holds firm, the speculation alone could bring volatility — and opportunity — to both mainstream and meme crypto markets.