U.S. President Donald Trump has once again expressed dissatisfaction with the actions of Federal Reserve Chair Jerome Powell, accusing him of high interest rates and their negative effects on the housing market.
Criticism of Powell
In a post on Truth Social, Trump referred to Powell as a "stubborn guy" who refuses to cut rates. He claims this decision costs the country $1 trillion annually, hurting American families.
Impact on Cryptocurrencies
Trump's remarks add political pressure on the central bank, which could influence cryptocurrencies. Lower interest rates could increase the demand for assets like Bitcoin, reducing the opportunity cost of holding them. Additionally, a rate cut could attract institutional investment in crypto assets.
Fed Policy Shift
Although Powell is currently resistant to drastic rate cuts, increasing pressure from politicians may impact his decisions in the future. If the Fed hints at a possible rate reduction in the next meeting, crypto markets could react to this in advance.
Trump's statements underscore the growing influence of cryptocurrencies on financial policy and the economy. Issues related to interest rates and Fed policy are becoming crucial for the future of the cryptocurrency market.
