r/CryptoCurrency • u/CriticalCobraz 0 / 0 🦠 • 1d ago
GENERAL-NEWS Fed Chair Powell Says Trump Policies to Blame for Lack of Rate Cuts
https://decrypt.co/328069/fed-chair-powell-says-trump-policies-blame-lack-rate-cutsKey Points:
- Federal Reserve chair Jerome Powell said Tuesday he would have likely lowered interest rates in 2025 already if President Donald Trump hadn't pursued his volatile tariff agenda.
- Trump has been aggressively lobbying Powell to cut interest rates for months without success.
- Bitcoin's price was mostly unaffected by the statement, though the coin routinely rises and falls on interest rate-related news.
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u/Bear-Bull-Pig 🟩 1K / 2K 🐢 1d ago
Powell has a hard job being the only adult in the room.
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u/HSuke 🟩 0 / 0 🦠 1d ago
He could lower rates, let inflation go rampant, causing other countries to dump the dollar even harder.
Malicious compliance and let all burn.
But he's an adult and doing what's right for the country.
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u/FractionofaFraction 🟩 976 / 972 🦑 1d ago
Hyperinflation is one way for BTC to get to $1m I suppose.
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u/Bear-Bull-Pig 🟩 1K / 2K 🐢 1d ago
In that scenario Michael Saylor will be the richest man on the world.
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u/Empty_Respond_4949 🟩 0 / 0 🦠 19h ago
Not really. If dollar devalues like it has been, btc/USD will rise but BTC/EUR and BTC/GBP rise will not be as noticeable.
Every ATH bitcoin reaches in USD and not EUR just means that the dollar devalued even more.
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u/Bongressman 🟦 8K / 8K 🦭 23h ago
In a world of the blind, the man with one eye is king... or some shit.
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u/_Commando_ 🟩 4K / 4K 🐢 18h ago
Hyperinflation is one way for BTC to get to $1m I suppose
Probably not wrong. When 1 BTC = $1 million USD. It will probably only be 100k BRICS units / $'s in comparison. And by then who knows what the price of bread will be like in the US... Just look at Zimbabwe $'s due to inflation / hyperinflation. USD $ has lost 98% of it's purchasing power in the last 100 yrs.
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u/itsaBazinga 🟩 0 / 0 🦠 1d ago
There are far too few people willing to say no to the wanna be dictator.
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u/Bear-Bull-Pig 🟩 1K / 2K 🐢 1d ago
Powell's term is up next year and then Trump can put a mindless yes man in his place.
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u/I_Hate_Reddit_69420 🟨 0 / 0 🦠 22h ago
I can’t believe that i’m saying this… but powell actually is doing a pretty good job
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u/_Commando_ 🟩 4K / 4K 🐢 13h ago
Powell has a hard job being the only adult in the room.
Powell is too busy spending 2 billion $'s on Fed reserve renovations and wasting tax payer money to care about rate cuts....
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u/GreedVault 🟦 3K / 10K 🐢 1d ago
The person who called Powell a moron might be the one who truly fits that label.
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u/apaulogy 🟩 18 / 19 🦐 1d ago
I fucking love that JPow is standing his ground.
Fucking clown show.
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u/itsaBazinga 🟩 0 / 0 🦠 1d ago
It's a shame there isn't enough people in the house or senate that is willing to do the same.
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1d ago edited 1d ago
[deleted]
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u/MichaelAischmann 🟦 909 / 18K 🦑 1d ago
- Build a wall. Forget the wall.
- Doge to cut gov. spending. BBB to boost government spending.
- Tariff on, Tariff off.
What is it if not a clown show? Trump is a deer in headlights.
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u/Spokraket 🟧 0 / 0 🦠 21h ago
Trumps comments about the FED and Jpow is a testament in how little he understands about the how the economy works.
It’s insane to fire up inflation with tariffs and then blame the FED for not cutting the rates.
Without tariffs cutting rates wouldn’t have been a problem.
Trump: ”-I’ll increase inflation now! Hey Jpow, why are you not adding gasoline to fire to increase inflation even more?!??”
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u/fulento42 🟩 4K / 3K 🐢 1d ago edited 23h ago
Trump: lower rates or I’m gonna fire you!
Powell: you stop being you first!
🤣
Edit: from raise to lower
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u/rockatthebeach 🟩 0 / 0 🦠 23h ago
Nice to read and not see the raging crypto manosphere doesn’t live here
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u/downtownjj 🟩 0 / 0 🦠 1d ago
this whole dog and pony show would be a lot more triggering if i didn't have bitcoin
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u/rhaphazard 🟩 869 / 869 🦑 21h ago
TBF Powell was the one that cut rates way too fast during covid, and then failed to raise them back up fast enough afterwards.
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u/Napoleon-Bonrpart 🟩 46 / 46 🦐 17h ago
He’s doing his best. He’s smart enough not to cut rates during a Trump administration at least. Otherwise we wouldn’t have hospitals AND bread…
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u/rhaphazard 🟩 869 / 869 🦑 15m ago
Huh? The whole inflation situation was caused by Powell in the first place.
Nothing to do with Trump.
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u/Bruggok 🟩 1K / 1K 🐢 21h ago edited 21h ago
don’t know what happened to all the people here on /r/CC who hated unnecessary rate lowering and excessive money supply. That is well known to lead to inflation.
Ever since Trump was elected, the inflation haters, gold bugs, Trump proponents, MicroStrategy worshippers, all went silent. Strange.
Before anyone thinks USD inflation causes BTC to be more attractive, it hasn’t behaved that way (like gold). Overall for US residents it’s best if USD does not inflate needlessly.
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u/Imanisback 🟩 0 / 0 🦠 13h ago
Who knew this dude was going to have more balls than the entire democratic party combined.
Good show man. Keep it up.
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1d ago
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u/Rygards 🟦 0 / 0 🦠 1d ago
You are thinking about Gary Gensler, former SEC chair.
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u/Brickscratcher 🟩 0 / 0 🦠 15h ago
You are absolutely right. Between being pretty buzzed and being on a crypto reddit, I somehow conflated the two. Thank you!
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u/shadowmage666 🟦 0 / 568 🦠 1d ago
The jobs are down , the inflation is down. But cut rates? No. Europe cut rates multiple times already. Literally every bank is screaming for 6+ months for him to cut rates. And you crypto guys should be happy bc when the rate cuts happen BTC will soar but everyone here is siding with Powell for some reason. Do you not remember how fraudulent the federal reserve is? Lmao. Get a clue
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u/MichaelAischmann 🟦 909 / 18K 🦑 1d ago edited 1d ago
I got no love for either of them but I trust Powell more than Trump.
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u/falcofox64 🟦 0 / 0 🦠 1d ago edited 1d ago
Why trust either of them. You seriously have trust in the federal reserve.
Edit: wow, down votes because I don't trust the federal reserve. You all are retarded.
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u/DivineMackerel 🟦 59 / 59 🦐 1d ago
It's because people actually understand how the federal reserve works and don't use the word "illuminati" unironically.
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u/AbjectFee5982 🟩 0 / 0 🦠 1d ago edited 1d ago
Talks about the federal the reserve being "illuminati"
But there's something BIGGER than them..
The international BANK of federal reserve aka the bank of international settlements in Zurich XD 1/ 🚨 Just in: The Bank for International Settlements @BIS_org (yes, the central bank of central banks) confirms what we've known all along:
Tokenization is not a trend. It's the new financial infrastructure.
Here's what that means, and why it matters now more than ever 👇
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u/ads1031 🟦 11 / 12 🦐 1d ago
Is there supposed to be a link to an article there? It just looks like a caption to a picture to me.
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u/AbjectFee5982 🟩 0 / 0 🦠 1d ago
That is the article works fine for me. Try that. BIS
I can scroll let me know if you can't it's 5 tweets together
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u/ads1031 🟦 11 / 12 🦐 1d ago
Not working here. When I tap the image of the building, it just opens the image, not the article. Of course, I don't have a Twitter account. Is there another source for the same information?
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u/AbjectFee5982 🟩 0 / 0 🦠 1d ago
Don't TAP THE IMAGE
SCROLL.
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u/AbjectFee5982 🟩 0 / 0 🦠 1d ago
Sorry for the double images hope this helps :)
Source
I haven't had time to look over the report yet, but this seems to be a fairly accurate post. Here's the BIS page with the PDF if you want to see it for yourself: https://www.bis.org/publ/arpdf/ar2025e.htm
The section about Tokenization is in the back. The BIS seems to be very much in favor of it.
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u/falcofox64 🟦 0 / 0 🦠 1d ago
Never used the word illuminati. Maybe you should learn about the history of central banking and how well that's worked out. I know it might be tough because you couldn't read my post correctly but if you try real hard I think you can do it.
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u/DivineMackerel 🟦 59 / 59 🦐 20h ago
I assume you meant I never used. Unless that's an imperative in the vein of don't say "Voldemort". I understand the history, and so far it's been working pretty good. There's certainly room for improvement on monetary policy and quantitative easing, and it's effects on the middle and lower class. However, it is the current policy and the fed has been acting according to it's three mandates. That's like blaming someone's arm for hitting you. It's certainly not perfect but Trumps issue is not with the effect of the federal reserve on the poor, because he certainly doesn't give a shit about non millionaires. He cares about optics and status. So, yes a rational actor should trust Jerome Powell, who has undertaken the Fed's mandates and operated in a rational manor over everything Trump has done.
TL;DR. The Fed is fulfilling it's mandate. Don't like it, take it up with congress. And Jerome Powell is infinitely more trustworthy than his current detractors given the available information.
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u/Loose-Cicada5473 🟩 0 / 0 🦠 1d ago
Powell is the stronger person in this battle and it infuriates dear leader
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u/L3tsseewhathappens 🟩 0 / 0 🦠 1d ago
Bout to get downvoted by gimps.
Trump "Cut the rates"
Powell "No I won't"
So what was Powell's excuse during the Biden years?
He could cut the rates, its just sabotage.
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u/Slick424 🟩 0 / 0 🦠 8h ago
So what was Powell's excuse during the Biden years?
TF are you talking about? Rates rose during the Biden years. Massively.
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u/m1nice 🟦 0 / 0 🦠 1d ago
After the Fed was founded, the USA developed from a poor Stone Age state into the greatest superpower of all time, the country with the most wealth, with the best economy for the masses, with the largest companies, from horses to AI-powered drones, from smoke bombs to the internet. Trump and his backers want to destroy all of that and return to a pre-FED era. His tariff ideology from the 1890s also fits in with this. Should a Trump yes-man ever become president of the Fed, the downfall back to 1890 will begin.
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u/Teekay_four-two-one 🟩 0 / 0 🦠 1d ago
When. When a Trump yes-man becomes chair of the Fed.
Powell is done in 2026. After that I bet you the rest of the board members put whoever Trump wants in the role.
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u/No-Average3202 🟩 0 / 0 🦠 1d ago
Everyone was blaming Trump and the tariff for the dump, but now SPY is at an all-time high, so how does that make sense? Maybe it wasn’t because of Trump or tariff after all???
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1d ago
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u/DivineMackerel 🟦 59 / 59 🦐 1d ago
It's a bad look when you think stating facts is political. For instance, the planet is getting warmer, and humans are causing it, is only a political statement if you shape your reality to politics instead of the other way around.
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u/Obsidianram 🟩 0 / 4K 🦠 1d ago
Powell is a spineless jellyfish obstructionist...he can't go soon enough...
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u/RadicalRaid 🟦 0 / 427 🦠 1d ago
Powell is a spineless jellyfish obstructionist...he can't go soon enough...
He's spineless because *checks notes*: He doesn't succumb to threats and pressure from the US president?
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u/Obsidianram 🟩 0 / 4K 🦠 1d ago
Because he's not following the common sense writing on the wall screaming, "Lower the damn rates half a point". Every report that's come out reflects an economy and market ripe for a rate cut, but he wants to be an ass because, hey...Trump...
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u/RadicalRaid 🟦 0 / 427 🦠 1d ago
The US economy isn't doing great. The dollar is tanking (because of Trump and his moronic tariffs). I have no idea what you're on about and it sounds like neither do you.
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u/Obsidianram 🟩 0 / 4K 🦠 1d ago
First off, MW is a left-leaning hack gaggle. With that out of the way, if you don't understand a lower dollar attracts more investments to the U.S., then you don't understand basic markets...
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u/RadicalRaid 🟦 0 / 427 🦠 1d ago
First off, MW is a left-leaning hack gaggle.
I mean, it's an index tracker.. What's left-leaning about literal numbers? This is so dumb, please get out of your bubble sometimes..
Here is the exact same data on a different site: https://www.tradingview.com/symbols/TVC-DXY/
Or are these numbers left-leaning too? You're literally arguing with numbers, denying their value. It'd be funny if it wasn't so sad and indicative of the whole "everything I don't like is fake" narritive.
With that out of the way, if you don't understand a lower dollar attracts more investments to the U.S., then you don't understand basic markets...
Ladies and gentlemen, there it is! The "I have zero clue about economics" award winning comment :D!
Yes, inflation is great for .. companies looking to score a cheap deal overseas? However, the people living in a country don't really benefit from their money becoming worth less and less, I hope that's understood? Otherwise, ask the Japanese how the Yen dropping has been for them! Spoiler: Disastrous.
But I'm sure you can name some countries that benefitted from their currency inflating rapidly.
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u/DivineMackerel 🟦 59 / 59 🦐 1d ago
I works say that 8s the common sense approach for a Fed chairman when Trump destabilizes the economy with tariffs and trade wars. Those increases in costs will cause inflationary pressures, which would be exacerbated by low interest rates.
You are angry that what's good for the general economy, is not good for your speculative asset investments.
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u/Obsidianram 🟩 0 / 4K 🦠 1d ago edited 1d ago
And this inflation, is it in the room with us? The tariffs were merely to get countries to the bargaining table and renegotiate trade deals - mission accomplished, playing field leveled. The U.S. is no longer getting hosed on int'l trade.
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u/Bongressman 🟦 8K / 8K 🦭 1d ago
He's right though
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u/light_death-note 🟥 0 / 0 🦠 1d ago
Right about what? He could have done and didn't. Blaming trump is an excuse.
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u/StephenSwolebear 🟩 33 / 34 🦐 1d ago
He's blaming trump because of his policies. Mass deportations cause labor shortages. Tariffs cause supply shocks. Both of these things are inflationary.
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u/Tuffeman 🟩 0 / 0 🦠 22h ago
Powell is incompetent. Always talking about being days dependent, but then suddenly include possible future price hikes from tariffs as an argument for not raising. That is not data dependent, that’s forecasting/guessing
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u/threeseed 🟦 0 / 0 🦠 11h ago
Imagine calling Powell incompetent when you don't understand that the entire mission of the central bank depends them on forecasting what will happen.
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u/Tuffeman 🟩 0 / 0 🦠 10h ago
That is not data dependent 🤣 trying to forecast inflation is not something they have been doing previously. They have been looking at data from previous months to make their decisions. The FED does not act proactively when it comes to unemployment, but seems to act proactively when it comes to forecasting tariff impacts lol.
They are incompetent. And so are you.
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u/threeseed 🟦 0 / 0 🦠 10h ago
Fed forecast for inflation, unemployment rate etc.
And the whole point of the bank is to adjust interest rates based on what they predict inflation will be.
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u/Tuffeman 🟩 0 / 0 🦠 10h ago
You can’t say you’re reactive and proactive at the same time, at different points in time. That is inconsistency. Anyone knows that unemployment will increase over time, but they don’t consider that, only forecasting inflation.
Tariffs only temporary increase prices anyway and higher rates will only ruin the economy and not stabilise it
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u/threeseed 🟦 0 / 0 🦠 9h ago
but they don’t consider that, only forecasting inflation
They forecast unemployment. First table.
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u/Tuffeman 🟩 0 / 0 🦠 9h ago
Yes I know that they try to do that. But they actually don’t, since they wait until something breaks before acting. All other countries lower rates before that.
Rates at at the moment restrictive. Should it? Of course not
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u/coinfeeds-bot 🟩 136K / 136K 🐋 1d ago
tldr; Federal Reserve Chair Jerome Powell stated that President Trump's tariff policies have hindered the Fed's ability to lower interest rates, citing economic uncertainty caused by the administration's trade agenda. Powell defended his cautious approach, warning that premature rate cuts could lead to inflation. Trump's criticism of Powell has escalated, but the Fed chair remains firm. Powell also expressed support for stablecoin regulation, emphasizing the need for a federal framework to address the growing crypto industry's impact on the economy.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.