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Trump fired ‘late’ Powell for not cutting interest rates

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U.S. President Donald Trump has changed his criticism of Federal Reserve Chair Jerome Powell, accusing him of being too slow to cut interest rates and increase a long -standing risk that disrupts the political bank of the central bank’s politics.

With the European Central Bank (ECB) cutting interest rates on April 17, “late” Powell failed to act appropriately in the United States, despite the fall of inflation, Trump said of social fact on April 17.

“Powell’s termination can’t come quickly!” Trump said.

Florida Senator Rick Scott said to the President, saying“It’s time for the new leadership to the Federal Reserve.”

Trump’s public criticism of the Fed destroys a decade of long American political convention that seeks to protect the central bank from political analysis, which includes any executive decision to replace the seat.

In an April 16 address to Chicago’s Economic ClubPowell said Fed Independence is “a matter of law.” Powell before Signed His desire to serve the rest of his tenure, which expired in May 2026.

Crypto, Risk assets look at Fed for guide

The Federal Reserve uses significant influence on financial markets, along with financial policy decisions that affect US dollar liquidity and investor emotion.

Since the Covid-19 pandemya, crypto markets are increasingly undergoing Fed influence due to rising relationships between dollar liquidity and property prices.

This is further corroborated by a 2024 academic Paper Kingston University of London Professor Jinsha Zhao and J Miao wrote that the liquidity conditions now cost more than 65% of Bitcoin’s (Btc) Price movement.

As the moderates of inflation and markets in the market intensified amidst the trade war, Fed officials faced Pressure mounted to cute interest rates. However, Powell reiterated The waiting approach to the central bank as the officials evaluated the potential impact of tariffs.

*A measure of real-time inflation known as “truflation” suggests that cost pressure is weaker than the main Fed indicators, which are several months out of time. Source:* *Interruption*

Fed is expected to maintain the wait-and-and-see its next meeting in May, with Futures Fed price prices implies a less than 10% chance of a cutting rate. However, the rate of cut bets increased by more than 65% for the Fed’s June policy meeting.