US President Donald Trump has renewed criticism of Federal Reserve Chairman Jerome Powell, accusing him of delaying necessary interest rate cuts that could hinder the country’s economic progress.
In a series of social media posts, Trump dubbed Powell “Too Late Powell,” arguing that nearly everyone agrees the Fed should lower rates immediately to support growth. Trump insists that cutting interest rates will speed up economic recovery and encourage investment.
However, Powell and the Fed remain cautious. In his recent remarks at the Federal Open Market Committee (FOMC), Powell pointed to tariffs imposed by the Trump administration as a key factor in persistent inflation and economic uncertainty. He noted that inflationary pressures are easing, with the latest Producer Price Index (PPI) falling to 2.4%, below market expectations.
Despite signs of cooling inflation, the Fed is weighing multiple factors before deciding on rate cuts.
Interest rate decisions also heavily influence financial markets, including cryptocurrencies. Lower interest rates typically boost demand for digital assets like Bitcoin (BTC) and Ethereum (ETH), as investors seek higher returns amid easier monetary conditions.
Market participants are closely monitoring the Fed’s next moves, aware that Trump’s public pressure on Powell could impact upcoming policy decisions.
