Trump’s Moves Could Boost Cryptocurrency Values
The post Trump’s Moves Could Boost Cryptocurrency Values appeared on BitcoinEthereumNews.com.
In a recent move that could significantly impact the cryptocurrency market, former President Donald Trump has made bold statements suggesting that his actions may elevate digital currency values. While his administration’s tariffs have strained economic relations, Trump envisions substantial gains stemming from these trade negotiations. Additionally, he has expressed intentions regarding the Federal Reserve’s leadership. What Changes Might Happen at the Fed?Could Interest Rate Cuts Impact Crypto Prices? What Changes Might Happen at the Fed? Trump’s recent comments reveal his intention to potentially replace current Fed Chair Jerome Powell. Insiders indicate that he has been contemplating this decision for several months but may postpone action until Powell’s term concludes next year. This long-term strategy reflects Trump’s calculated approach to influencing monetary policy. According to sources from the Wall Street Journal, discussions at Trump’s Mar-a-Lago club included names like former Fed Chair Kevin Warsh as a possible successor. Warsh has reportedly advised against immediate changes and suggested allowing Powell to complete his term, though discussions about this topic have persisted since March. Trump asserted, “If I want him out, believe me, he will leave very quickly.” However, any attempt to dismiss Powell could result in prolonged legal challenges, adding further complications to an already delicate economic situation. Could Interest Rate Cuts Impact Crypto Prices? Even if Trump does not succeed in removing Powell, his pressure might still lead to interest rate reductions. Historically, Trump has criticized Powell for not acting swiftly enough during previous economic challenges, particularly in the context of the 2019 trade war. Navigating the complexities of the Federal Reserve remains a challenge. If Trump’s assertions about political motivations influencing Powell’s decisions hold true, he may pursue alternative strategies to encourage monetary easing. Trump’s tactics may include influencing Treasury operations. Pressure could lead to significant shifts in interest rates.…
Filed under: News - @ April 18, 2025 12:29 am