Jerome Powell Criticized by Trump — Will Interest Rates Be Cut?
Jakarta, Pintu News – US President Donald Trump has again criticized Federal Reserve (Fed) Chairman Jerome Powell over interest rate policy. In a series of comments delivered via social media, Trump criticized Powell for being late in cutting interest rates, which he said could hamper the United States’ economic progress.
Check out the full news below!
Trump Dubbed “Too Late Powell”
Trump, who is known for criticizing the Fed’s monetary policy, recently added the nickname “Too Late Powell” to describe Powell’s perceived sluggish actions. According to Trump, almost all parties agree that the Fed should cut interest rates immediately to support economic growth.
However, Powell and his team still seem hesitant to take such a step. On numerous occasions, Trump has emphasized that a lower interest rate policy will accelerate economic recovery and boost investment.
This criticism comes amidst an uncertain economic situation, where Trump hopes looser monetary policy can be a solution.
Also read: Robert Kiyosaki Predicts Bitcoin (BTC) Price to Reach $250,000, Here’s His Analysis!
Jerome Powell’s View on Economic Conditions
On the other hand, Jerome Powell has a different take on the current economic conditions. In his last speech at the Federal Open Market Committee , Powell blamed tariffs imposed by the Trump administration as one of the reasons inflation has not declined.
According to him, the trade tensions generated by the tariff policy created economic uncertainty. In addition, the Producer Price Index (PPI) inflation data released by the Bureau of Labor Statistics (BLS) showed a decline to 2.4%, below market expectations.
This data shows that inflationary pressures are easing, but the Fed still considers many factors before deciding to cut interest rates.
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The Impact of Interest Rates on Cryptocurrencies
Financial markets are highly sensitive to the Fed’s interest rate policy as it has a direct impact on asset prices, including cryptocurrencies. A decrease in interest rates usually has a positive impact on cryptocurrency prices as investors tend to increase allocations to digital assets, which increases liquidity in the market.
Investors and market analysts continue to watch for any signals from the Fed regarding interest rate policy. If the Fed decides to cut interest rates, this could trigger price increases for various assets, including Bitcoin , Ethereum , and other digital assets. Trump’s criticism of Powell may also influence upcoming monetary policy decisions.
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Reference
- Coingape. Donald Trump Criticizes Jerome Powell, Urges Fed Rate Cuts. Accessed on May 19, 2025
- Featured Image: The Boston Globe
