Powell, will interest rates be lowered or not?
Trump has exploded again.
Non-farm data was explosive, and employment data exceeded expectations. This should have been the time for Powell to ease up, but what happened? The Federal Reserve is still holding firm.
Trump laid it out directly:
If interest rates are lowered, it will save a trillion in interest in a year. A trillion. This money can be used to balance the budget, cut taxes, and provide welfare, directly ushering in America's golden age.
His original words were even harsher—"America is number one in the world, why shouldn’t we have the lowest interest rates globally?"
To be honest, there’s some truth in that rough statement.
With economic data being so strong and inflation also coming down, what is the Federal Reserve waiting for? For the next president to take office?
Trump's move here is not a request but a pressure tactic.
He is telling Powell: the data is on my side, public opinion is on my side, if you don’t lower interest rates, the blame is on you.
Where the trillion saved will go, he didn’t elaborate. But having been in the crypto space for a while, one understands that as liquidity loosens and the water level rises, what takes off first.
The market is already betting on it.
The dollar is weakening, U.S. bonds are moving, and smart money is starting to shift towards risk assets.
Trump may not fully understand monetary policy, but he knows exactly when to call for action.
The current question is—can Powell hold firm?
Or is it that this round of interest rate cuts is no longer about his willingness, but rather something he has to do?
Tonight, the U.S. stock market will reveal the answer.
Over in crypto, the slightest movement is no longer a signal but an alarm.
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