U.S. President Donald Trump continues to push for cuts to the Fed's key interest rates, sparking debate among economists and crypto experts.
Trump's Pressure on the Fed
Donald Trump is continuously pressing Fed Chair Jerome Powell to lower interest rates from the current 4.25%-4.50% down to 1%. Trump claims this will help the economy and open new investment opportunities, especially in crypto.
Peter Schiff's Perspective
Economist Peter Schiff has voiced strong criticism of Trump's pressure on the Fed, stating that a rate cut won't resolve existing problems and could create new ones. Schiff emphasized that such actions could negatively impact inflation and weaken the U.S. dollar, ultimately leading to rising prices and increased borrowing costs.
Impact on the Crypto Market
The crypto market remains unstable. In the past 24 hours, it has dropped by 1.73%, with the total market capitalization at $3.71 trillion. Crypto traders need to stay alert: the likelihood is high that any Fed policy change could impact digital asset prices more than traditional investments.
While Trump pushes for Fed rate cuts, experts warn about potential risks for both the economy and the crypto market. Investors should closely monitor developments and base their decisions on facts, rather than surface-level news.
