📊 The Federal Reserve is maintaining its benchmark interest rate at 3.6%, despite calls from President Trump for deeper cuts.
🛡 This decision highlights the growing tension between the White House's desire for a softer monetary policy and the Federal Reserve's commitment to its independence.
💰 Trump publicly criticizes Federal Reserve Chairman Jerome Powell for not accelerating rate cuts, and indicated plans to appoint a new chair after Powell's term ends in May 2026.
⚙️ The Federal Reserve claims that economic growth and stability in the labor market justify current rates, with reported growth of 4.4% year-on-year in the third quarter.
📅 This confrontation is complicated by the Justice Department's investigation into the $2.5 billion renovation of the Federal Reserve headquarters and the legal battle over Trump's attempt to fire Governor Lisa Cook, raising concerns about the Federal Reserve's autonomy.
📉 Bitcoin, Ethereum, and Solana are now considered high beta assets, the prices of which depend on the current dynamics of Trump-Federal Reserve and the expected rate path for 2026. This situation highlights potential implications for liquidity and risk appetite in the cryptocurrency market.