Trump continues to attack Fed Chairman Powell: "Complete idiot", calls for aggressive rate cuts
President
#DonaldTrump just posted a lengthy article harshly criticizing the Chairman of the U.S. Federal Reserve (Fed) – Jerome Powell. In it, Trump claims that Powell "openly hates Trump" and that he should never have been appointed, let alone reappointed under President Biden.
Trump asserts: “If Powell lowers interest rates to a reasonable level of 1-2%, America could save up to 1 trillion USD each year.” He argues that Powell's continuous "complaints about costs" are unreasonable in the current context because “we hardly have inflation, and the U.S. economy is doing very well.”
Notably, Trump also warned that if
#Powell does not act, he may "change his mind and fire" Powell when his term ends.
📉 Meanwhile, data from
#FXCE shows that the U.S. Dollar Index (USDX) has fallen sharply by 12%, from 110.15 on January 13, 2025, to 97.61 on June 12, 2025 – indicating significant downward pressure on the USD amid expectations of lower interest rates in the future.
In the short term, Trump's statements may exert additional pressure on the Fed, but in the long term, lowering interest rates – if it happens – will be a positive signal for investment markets, including crypto, as lower borrowing costs will stimulate capital flow into high-risk assets like Bitcoin and altcoin.
However, investors still need to be cautious of political factors and macroeconomic data that could unexpectedly impact the prices of digital assets.