🚨 JUST IN: Trump Blasts "Incompetent" Powell, Demands Lower Rates 🚨
President Trump has escalated his war with the Federal Reserve, publicly labeling Chair Jerome Powell "incompetent" and asserting that interest rates remain "still too high" . This latest attack comes just ahead of the Fed's critical September 16-17 policy meeting, where markets widely anticipate the first rate cut of the year .
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$W $BCH $ATOM 📈 Why This Matters for Crypto
Trump's pressure highlights a fundamental truth: the era of cheap money is crypto's best friend. His push for aggressive rate cuts is rooted in a desire to stimulate the economy, particularly the struggling housing market . For traders, this political drama signals a potential macro shift that could unleash a tidal wave of liquidity.
· Bullish Catalyst: Lower interest rates weaken the US dollar and make high-risk, high-reward assets like cryptocurrency exponentially more attractive .
· Market Expectation: Analysts point to a soft job market as a reason the Fed may finally yield, with a high probability priced in for at least a 25-basis-point cut this week .
· The Bigger Fight: This isn't an isolated event. Trump has previously threatened a "major lawsuit" against Powell and hinted at replacing him, challenging the Fed's cherished independence .
💡 The Bottom Line
While the Fed maintains it acts on economic data, not political pressure, Trump's relentless campaign keeps monetary policy in the spotlight. A decisive move toward rate cuts could be the jet fuel for the next major crypto rally. All eyes are on Powell's announcement this week.
#Trump #FederalReserve #Powell #InterestRates ---
What impact do you think political pressure has on central bank decisions? Share your thoughts below! 👇