šļø Trump vs. Powell ā Whatās Going On?
š„ Trumpās Latest Attacks
Trump has unleashed a barrage of insults toward Fed Chair Jerome Powell:
Calling him a āmoron,ā ānumbskull,ā āfool,ā āvery dumb guy,ā ācomplete moron,ā and accusing him of "ruining the economy" and costing America "hundreds of billions" .
Heās demanding aggressive cuts of 1ā2āÆpercentage points immediately, claiming it could save the U.S. āup to $1āÆtrillionā annually .
Trumpās floated execution of firing Powellāeven though such a move would be legally contentiousāand said āMaybe, just maybe, Iāll have to change my mind about firing himā .
š¦ Powellās Stance (via Binance)
Powell remains data-driven and cautious, pushing back against political pressure:
He pointed to lingering inflation risks, stating the Fed prefers to let economic data evolve before enacting cuts .
Specifically flagged Trumpās tariffs as inflationary, warning consumers will bear the cost .
š Crypto & Markets React
Binance highlights potential market ripples:
Trump's rhetoric has prompted discussions about rate cuts possibly fueling crypto and equity markets because lower rates tend to boost liquidity .
On Binance Square, posts linked this promo to Bitcoinās rallyāmentioning BTC pushing above $91K, driven partly by Trumpās pressure on Powell .
š° Wider Perspective from General News
Trumpās Threats: Repeated threats to fire Powell have drawn criticism. Legal experts and the Supreme Court stance affirm Powell cannot be removed at will .
Institutional Anxiety:
Legal experts stress firing Powell could shake investor confidence and destabilize markets .
Republican Fed Governor Chris Waller shares Trumpās push for cuts, but Powellās cautious approach remains supported within the Fed .
āļø In Summary
Trump Powell & Fed Crypto/Market Impact
Demands 1ā2āÆpt immediate cuts; insults & hints at firing Powell Prefers data-driven caution; inflation and tariff risks remain Markets (crypto and stocks) could rally if cuts happen; BTC touched ~$91K
āPowell is dumb, moron,ā āCosting us billionsā Tariffs are inflationary, effects just beginning Binance highlights this as a key driver in crypto sentiment
š” Key Takeaways
1. Trumpās push and personal insults toward Powell are intensifying.
2. Powell continues to defend the Fed's independence, citing persistent inflation and economic uncertainties.
3. Crypto markets are watching closelyālower rates often mean more speculative investment.
4. Legally, firing Powell isnāt straightforward, and such a move could trigger serious market instability.
#USNationalDebt #MarketPullback #PowellVsTrump #SwingTradingStrategy #XSuperApp