Donald Trump lit up Truth Social again, unloading on Fed Chair Jerome Powell for not cutting rates. He claims slashing them to 1–2% could save the US $1 trillion a year and didn’t hold back, calling Powell a “dumb guy” and blaming Biden for keeping him in power.
Trump admitted he’s tried being nice, neutral, and now nasty, and hinted that firing Powell might be back on the table. With inflation cooling and Trump claiming the economy’s booming, he says there’s no reason for rates to stay high.
This latest rant adds even more pressure to an already shaky market. Politics and monetary policy just collided and $BTC traders should keep an eye on what comes next.
~ Purrgle
