U.S. President Donald Trump says he will soon name a new Federal Reserve chair and predicts that interest rates will fall significantly once his pick takes over — signaling pressure on the central bank to cut rates. Markets are debating how much rates could actually decline, and the Fed itself is expected to hold rates steady at its current meeting. Trump also noted the U.S. dollar is doing “great” even as it weakened after his remarks. �
Reuters +2
Crypto opinion & market reaction:
• Trump’s rate-cut stance is seen as potentially positive for cryptocurrencies, because lower rates generally push investors toward risk assets like Bitcoin and Ethereum. Early market reactions included Bitcoin price moves on optimism around looser monetary policy.
• Traders are watching closely as crypto prices trade within ranges, waiting for clarity on inflation, jobs, growth, and how a Trump-era Fed might reshape liquidity — all factors that strongly influence crypto markets.
• Some analysts outside this specific event see rate cut expectations as crypto-bullish because easing monetary conditions historically boosted risk-assets (including crypto). However, uncertainty around nominations and Fed independence creates volatility risks. #TRUMP
#FederalReserve #stock #usa #TrumpCrypto $XRP
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