Trump Urges Fed Rate Cut Amid Recession Fears
The Essentials at a Glance
Donald Trump is publicly calling for an interest rate cut by U.S. Federal Reserve Chairman Jerome Powell. The backdrop includes economic uncertainties, rising inflation, and Trump’s criticism of current monetary policy. Financial markets are reacting with falling yields, while the crypto market is stabilizing after a setback. The U.S. Federal Reserve faces difficult decisions between fighting inflation and supporting economic growth.
Trump’s Demand: Rate Cut Now
Donald Trump has once again criticized the U.S. Federal Reserve’s monetary policy. On the Truth Social platform, he called on Jerome Powell to lower interest rates. Trump argues that energy prices, interest rates, and inflation have declined, while employment has increased. In his view, now would be the ideal time for a rate cut to support economic recovery.
Powell’s Warning: Inflation Remains a Risk
Jerome Powell remained cautious during a public appearance. He warned about the potential consequences of the “reciprocal tariffs” proposed by the Trump administration. These could fuel inflation and jeopardize the Federal Reserve’s goal of maintaining a 2% inflation rate. Powell emphasized that tariffs could lead to higher prices in the short term – and possibly in the longer term as well.
Market Data: Rate Fears and Mixed Signals
Financial markets are showing signs of nervousness. The yield on ten-year U.S. Treasury bonds fell below 4%, signalling growing fears of a recession. According to the CME FedWatch Tool, investors now expect four rate cuts in 2025 – twice as many as forecast just a month ago.
At the same time, the labour market is sending mixed signals. Although the unemployment rate rose slightly to 4.2% in March, 228,000 new jobs were created – more than expected. Inflation stood at 2.8% year-over-year in March. New data is expected on April 10.
Crypto Market Reacts to Economic Conditions
After a significant decline at the beginning of the week, the crypto market is slowly recovering. Shares of U.S. crypto companies like Coinbase and MicroStrategy (MSTR) are showing early signs of recovery. MSTR rose by 4.01% to USD 293.61. Mining companies such as Marathon Digital Holdings (MARA) also posted slight gains, while Riot Platforms (RIOT) remained in the red.
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The global cryptocurrency market capitalization rose slightly to USD 2.67 trillion. Bitcoin (BTC) is currently trading at around USD 83,000. The mood remains cautiously optimistic.
Our Assessment
Donald Trump’s public criticism of Jerome Powell increases political pressure on the U.S. Federal Reserve. At the same time, the Fed faces a dilemma: On the one hand, Powell urges caution due to potential inflation risks; on the other hand, markets and political voices are signalling a desire for rate cuts. For crypto investors, the situation remains volatile but not hopeless. Those who are invested should closely monitor monetary policy developments – they could be key to the price performance of digital assets.
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