On June 18, U.S. President Donald Trump as soon as once more slammed the Federal Reserve chairman for not reducing the rate of interest, calling him “silly.” His assertion comes because the federal company is predicted to make a giant determination on curiosity minimize immediately.
Whereas doubting the probabilities of a minimize within the rate of interest, Donald Trump mentioned, “He’s not a wise man. He’s apprehensive about inflation. If there may be inflation in six or 9 months, you decrease the charges otherwise you elevate the charges. You are able to do no matter you need. We’ve a silly individual, frankly, on the Fed. He most likely received’t minimize immediately.”
PRESIDENT TRUMP JUST NOW:
• POWELL PROBABLY WON’T CUT RATES TODAY
• CALLS HIM “NOT A SMART GUY”
• SAYS RATES SHOULD BE 2–2.5 POINTS LOWERArduous to disagree — it’s time for Powell to chop. pic.twitter.com/oxXmYTeTAL
— Shay Boloor (@StockSavvyShay) June 18, 2025
Based on Trump, if a federal company lowers the rate of interest by 2-2.5%, it might save the US $700-$800B on their debt funds.
Since Trump was elected as president, the European Central Financial institution (ECB) has already minimize rates of interest 3 occasions. However, the Jerome Powell-led company persistently refuses to decrease rates of interest by citing the issue of rising inflation. By sustaining rates of interest, Jerome Powell needs to make sure financial stability.
President Trump mentioned, “Europe had 10 cuts, and we had none. And I assume he’s a political man, I don’t know. He’s a political man who’s not a wise individual, however he’s costing the nation a fortune.”
Will Trump’s Request Assist Bitcoin Break the $110,000 Barrier?
Amid the continued war-like scenario between Iran and Israel, the cryptocurrency market is taking successful, wiping out important liquidity from the cryptocurrency market. This led to a decline within the worth of main cryptocurrencies like Bitcoin and Ethereum.
As an illustration, the most important cryptocurrency, Bitcoin, has plunged by 4.5% in every week, decreasing its worth from $110,000 to $104,787. However, Ethereum additionally dropped by roughly 12% in every week, plunging from $2,842 to $2,512. If the Federal Reserve slashes rates of interest, it may assist the cryptocurrency market recuperate from this dip.
Nonetheless, the cryptocurrency market has obtained some excellent news in the previous couple of days. On June 17, the U.S. Senate handed a stablecoin invoice, the GENIUS Act, marking a giant win for stablecoin issuers.
Additionally, banking big JPMorgan is gearing as much as check the deposit token ‘JPMD’ after it registered a trademark for a similar. Such constructive developments may spark a bullish second within the cryptocurrency market, which may assist BTC to interrupt the $110,000 mark.
Additionally Learn: Trump Could Take Motion to Finish Iranian Nuclear Enrichment: JD Vance
