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Trump Pressures Fed for Rate Cuts Amid Market Uncertainty
Trump Pressures Fed for Rate Cuts Amid Market Uncertainty
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BTCCSquare news:
President Donald TRUMP escalated his criticism of Federal Reserve Chairman Jerome Powell, demanding immediate action to lower interest rates. The Fed's decision to maintain rates at 4.25-4.50% following the July 30 FOMC meeting drew sharp rebukes, with Trump accusing Powell of undermining U.S. competitiveness against European central banks.
Market sentiment turned cautious as Powell emphasized data-dependent patience, delaying potential cuts until September. The political pressure introduces new volatility risks for risk assets, including cryptocurrencies that have shown sensitivity to Fed liquidity expectations.
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