The post Donald Trump Warns Of A ‘Slowing Economy’ If Fed Chair Jerome Powell Doesn’t Cut Rates appeared on BitcoinEthereumNews.com.

US President Donald Trump has warned of what could happen to the US economy if the Fed Chair Jerome Powell refuses to act fast and cut interest rates. This is significant considering how a slowdown in the US economy could impact the crypto market. Donald Trump Sounds Warning If Jerome Powell Refuses To Cut Rates In a Truth Social post, Donald Trump stated that there can be a “slowing of the economy” unless Fed Chair Jerome Powell lowers interest rates. He affirmed that, with costs trending downward, it is almost impossible for inflation to occur, but a recession may be on the cards if Powell and his team fail to act. This marks the US president’s latest call to Powell to cut interest rates. Trump alluded to the fact that the EU has already lowered rates seven times while the Fed Chair is yet to act. Interestingly, he accused Powell of lowering rates only last year to help Joe Biden and Kamala Harris win the Election, although that didn’t ultimately happen. Despite Donald Trump urging Jerome Powell to cut rates, the Fed Chair has so far shown that has has no intention to lower interest rates. Instead, in a recent speech, Powell warned that Trump’s tariffs could lead to higher US inflation, suggesting that this is why the FOMC is refusing to ease its monetary policies just yet. Meanwhile, with Powell refusing to lower interest rates, there are discussions that the US president could soon fire the Fed Chair. However, traders are betting against this happening and assert there is little chance it will happen this year. Market expert Anthony Pompliano warned Trump against firing Powell, while Senator Elizabeth Warren stated that the stock market would crash if the US president did so. There is also the possibility that the…

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Filed under: News - @ April 21, 2025 6:21 pm