US President Donald Trump raises pressure on Federal Reserve Chairman Jerome Powell to reduce interest rates, but separation issues are outside the window. The last position of President Trump is to change a 360 -degree angle of his previous position, hinting at the Federal Reserve Chair.
Donald Trump gives up plans to launch Jerome Powell
According to Bloomberg reportPresident Donald Trump has abandoned plans to end the appointment of Jerome Powell as head of the Federal Reserve School. Trump revealed in a recent speech that “there is no intention to launch” Jerome Powell, despite the refusal of low interest rates.
Trump’s latest comments followed a previous statement that hints to the potential chapter of the Federal Reserve Chair. At the time, Donald Trump revealed that “the end of the Federal Reserve Speaker cannot come quickly” after a sign of Powell Loser.
However, barely a week after the comments, Trump is making a turn that Jerome Powell sees his term. Despite the previous statements that alluded to the chapter, American merchants are betting on the elders of Polymark.
On the other hand, Powell maintained Rutik’s position amid gossip on his potential removal, such as the Federal Reserve Carps. Powell argues that the American president does not allow him under the law to reject the President of the Federal Reserve, a demand that has since been born a wave of legal debate.
Trump increases calls to low rates
While Trump devoted plans to refuse Powell, the US President seized the moment of calling for interest rates. Donald Trump urged the Federal Reserve Chair to be flexible in his position while performing the new SEC chair Paul Atkins.
“I would like to see him more active in terms of his idea of reducing interest rates,” Trump said. “It is an ideal time to reduce interest rates.”
Trump has warned against slowing the economy if the Federal Reserve refuses to reduce interest rates. According to Donald Trump, the European Union reduced interest rates seven times while Powell has not yet behaved amid a global tariff war.
While the Federal Reserve reduced interest rates three times in 2024, Jerome Powell drags his feet due to this, indicating the need to move forward in the face of Trump’s unsure policies.
If the Federal Reserve results in Trump’s demands, Bitcoin and other cryptocurrencies will be distinguished to the gathering. Low interest rates will lead to capital flow to risk assets such as Bitcoin, while the US dollar is weak will make encrypted currencies an attractive alternative.
Previously, the cryptocurrency market gathered in the wake of Donald Trump’s criticism of Jerome Powell. After separation plans shelves, green encryption prices with Bitcoin trading are $ 93,000.
Alio Bokima
Aliyu Pokima is an encrypted journalist and a tattoo of the emerging techniques with talent to cover the stories of needing needle in space. Aliyu offers urgent news stories, organizational updates, and insightful analysis with depth and accuracy. When he does not wander in the plans or the late follow -up, Aliyu enjoys playing guitar guitar, lifting weights and ran the marathon.
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