Trump Urges Rate Cuts Amid Strong Labor Data, Potential Implications for Crypto
President Trump renewed calls for Federal Reserve rate cuts following a robust US jobs report that defied recession fears. Nonfarm payrolls surged by 177,000, unemployment held steady, and wages rose—a trifecta of economic strength that typically argues against monetary easing. The appeal comes despite Fed Chair Powell’s firm stance against premature rate reductions.
Market observers note that while tariffs continue injecting billions into government coffers, their disruptive potential looms large. The crypto sector watches closely, as rate cuts could weaken the dollar and drive capital toward alternative assets. Bitcoin and major altcoins often benefit from loose monetary policy, though current conditions don’t yet signal an imminent Fed pivot.
