Trump goes crazy attacking Powell! Cursing him as a big waste and wanting to fire him, the crypto world is directly exhilarated. This matter is not that simple.
#加密市场观察 Trump goes crazy attacking Powell! Cursing him as a big waste and wanting to fire him, the crypto world is directly exhilarated. This matter is not that simple. Recently, the biggest scandal in the crypto world has come out. Trump has gone on the attack again, this time directly cursing Federal Reserve Chairman Powell, calling him 'Mr. Too Late' and 'a big loser,' even threatening to fire him and suing him. This feud has not only caused panic in the U.S. stock market but also sent shockwaves through the crypto world, making it a rollercoaster ride. This matter must be clarified! First, let's talk about why Trump is so furious this time. Last week, the Federal Reserve just cut interest rates by 25 basis points, bringing the rate down to 3.5%-3.75%. This is already the third rate cut this year. While others might feel satisfied, Trump exploded: the rate cut is too small! At least it should have been a 50 basis point cut! He also made a strong statement that 'U.S. interest rates should be the lowest in the world; without the U.S. economy, the world can't function.'
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