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Trump criticizes Powell's monetary policy
Donald Trump criticized Federal Reserve Chairman Jerome Powell, asserting that Powell's policies "undermine the great credibility of the United States." Trump's remarks came amid Powell's continued maintenance of high interest rates to target inflation, affecting global markets. Trump's ongoing criticism of Powell highlights concerns about U.S. monetary policy and its impact on national credit and global financial markets. Trump clashes with Powell over monetary policy Donald Trump publicly criticized Federal Reserve Chairman Jerome Powell for the current monetary policies. Trump's demand to lower interest rates is in contrast to Powell's stance. Upholding independence, Powell maintains high interest rates to combat rising inflation. Then he should resign immediately... We should put someone in there to lower interest rates. - Donald Trump, President of the United States. Immediate impacts include the potential for market volatility and adverse sentiment towards risk assets, particularly cryptocurrencies like BTC and ETH. Rising U.S. interest rates often lead to capital flows into dollar-denominated assets. The market's reaction to Trump's statements largely depends on the Fed's decisions, rather than just flowery rhetoric.
The Fed's policy affects the cryptocurrency market, causing potential downturns. Despite criticisms, no disruptions have been confirmed directly related to Trump's comments. The financial impact depends on the Fed's future actions. Financial results, regulations, and technology depend on several factors. Past market fluctuations show resilience, although cryptocurrencies remain susceptible to macroeconomic volatility. Future market trends will reflect longer-term adjustments rather than flowery rhetoric.