Trump continues to attack Fed Chairman Powell: "Total idiot", calls for aggressive interest rate cuts

President #DonaldTrump just posted a lengthy article sharply criticizing the Chairman of the Federal Reserve (Fed) – Jerome Powell. In it, Trump claims that Powell "publicly hates Trump" and should never have been appointed, let alone reappointed under President Biden.

Trump asserts: "If Powell lowers interest rates to a reasonable level of 1-2%, America could save up to $1 trillion a year." He argues that Powell's continuous "complaining about costs" is unreasonable in the current context because "we hardly have inflation, and the U.S. economy is doing very well."

Notably, Trump also warns that if #Powell does not act, he may "change his mind and fire" Powell when his term ends.

📉 Meanwhile, data from #FXCE shows that the U.S. Dollar Index (USDX) has sharply declined by 12%, from 110.15 on January 13, 2025, to 97.61 on June 12, 2025 – indicating significant downward pressure on the USD amidst expectations of lower interest rates in the future.

In the short term, Trump's statements may exert additional pressure on the Fed, but in the long term, lowering interest rates – if it occurs – will be a positive signal for investment markets, including crypto, as cheaper borrowing costs will stimulate capital flow into high-risk assets like Bitcoin and altcoin.

However, investors still need to be cautious of political factors and macro data that could unexpectedly affect the prices of digital assets.