Can Trump Powell Rate Cut Note Start Word War? 1% Pivot Says Yes.
U.S. President Donald Trump's handwritten letter to Federal Reserve Chair Jerome Powell has ignited a firestorm online. The note sharply criticizes Powell's monetary policies and demands immediate action, fueling speculation about a potential clash between the WHITE House and the central bank.
Market participants are closely watching the fallout, as such public pressure could influence Fed decision-making. The 1% pivot reference suggests some traders are pricing in aggressive rate cuts, which historically have been bullish catalysts for risk assets including cryptocurrencies.