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Bitcoin (BTC) traded above $84,000 on Friday as President Donald Trump slammed Federal Reserve (Fed) Chairman Jerome Powell for failing to cut interest rates in a timely manner. Noting that the European Central Bank (ECB) cut rates by 25 basis points, Trump urged Powell to do the same in the United States. Additionally, Trump hinted that he may be planning to remove Powell from his position, saying that Powell’s “firing cannot be too quick.”
President Donald Trump once again attacked Jerome Powell over interest rates, reiterating his previous comments that the Fed chairman is “always late.” The US President noted that Powell should “cut rates now” like the ECB did, insisting that inflation in the United States has already fallen. Trump also said “If I wanted him gone, he would be gone very quickly, believe me,” in response to a reporter’s question.
The new threats have raised concerns among several people about the impact that Powell’s firing could have on financial markets. Senator Elizabeth Warren said that if Trump had the power to fire Powell, the US market would collapse. "If Chairman Powell could be fired by the president of the United States, it would cause the U.S. market to collapse," Warren said in a speech at the New York Stock Exchange. She said the stock market and the global economy have been able to hold up because "important parts operate independently of politics."
Markets fluctuate based on perception, not necessarily policy. President Trump's continued pressure on Powell and the European Central Bank's rate cuts could cause investors to shift more money to gold, bonds and Bitcoin.
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Bitcoin (BTC) traded above $84,000 on Friday as President Donald Trump slammed Federal Reserve (Fed) Chairman Jerome Powell for failing to cut interest rates in a timely manner. Noting that the European Central Bank (ECB) cut rates by 25 basis points, Trump urged Powell to do the same in the United States. Additionally, Trump hinted that he may be planning to remove Powell from his position, saying that Powell’s “firing cannot be too quick.”
President Donald Trump once again attacked Jerome Powell over interest rates, reiterating his previous comments that the Fed chairman is “always late.” The US President noted that Powell should “cut rates now” like the ECB did, insisting that inflation in the United States has already fallen. Trump also said “If I wanted him gone, he would be gone very quickly, believe me,” in response to a reporter’s question.
The new threats have raised concerns among several people about the impact that Powell’s firing could have on financial markets. Senator Elizabeth Warren said that if Trump had the power to fire Powell, the US market would collapse. "If Chairman Powell could be fired by the president of the United States, it would cause the U.S. market to collapse," Warren said in a speech at the New York Stock Exchange. She said the stock market and the global economy have been able to hold up because "important parts operate independently of politics."
Markets fluctuate based on perception, not necessarily policy. President Trump's continued pressure on Powell and the European Central Bank's rate cuts could cause investors to shift more money to gold, bonds and Bitcoin.
BTCUSD BTCUSD BTCUSD BTCUSDT BTCUSDT.P BTCUSDT.P 
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Disclaimer
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🎁Stable weekly profit exceeds 231.8%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.