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Trump Urges Federal Reserve to Lower Rates to 1%

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by Giorgi Kostiuk

2 days ago

U.S. President Donald Trump has reiterated his call for the Federal Reserve to lower interest rates and announced plans for new Fed leadership.

Trump Calls for Rate Cuts

Speaking at the Kennedy Center, Trump stated that U.S. interest rates should be three or four points lower. He argued that reducing rates to 1% could foster economic growth and lower debt servicing costs.

Internal and External Pressures on the Fed

Trump mentioned the potential dismissal of Jerome Powell as Fed Chair, pointing to management issues within a Fed building project. He emphasized the need for bolder action on monetary policy amid rising pressures.

Market Performance of Cryptocurrencies

Despite political challenges, the cryptocurrency market appears resilient, with Bitcoin (BTC) rising 2.05% to $121,897.96 and Ethereum (ETH) gaining 5.62% to $4,747.07. Analysts believe potential rate cuts could boost speculative asset interest.

Trump's demands for rate cuts and potential changes in Fed leadership may significantly impact the U.S. economic landscape and the cryptocurrency market.

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