📌US Presidential Candidate Donald Trump warned Fed Chairman Jerome Powell not to lower interest rates before the presidential elections. Trump stated that he would only allow Powell to finish his term "if he is doing the right thing."
📌The Republican candidate acknowledged in an interview with Bloomberg News that the central bank may lower interest rates before the elections on November 5. But regarding the interest rate cut, "they know they shouldn't do that," he said
📌Former president: “I will let him complete his term. "Especially if I think you're doing the right thing," he said. In his statement on Monday, Powell said that the central bank had gained more confidence that inflation was easing towards the Fed's target of 2 percent. After the speech, expectations that the Fed would make the first reduction in September increased. Powell said Trump's term as president will end in 2026, and his term on the Fed Board of Directors will end in 2028. Trump announced that he will consider JPMorgan CEO Jamie Dimon, whom he criticized until recently, for the Treasury Department.
📌Donald Trump first commented on the Fed's interest rate hikes in July 2018 on his Twitter account, "Every time we go up (in the economy and the stock market), they want to increase the interest rates again. I'm not happy about this, but I tell them (the Fed) to do what they think is best." "I allow it. I don't like it when the interest rates go up after the Fed works so hard on the economy." He shared.
⚠️ #Bitcoin Trump, who spoke nicely and positively for the company, made the first recovery by escaping the assassination with injuries, and the second recovery by warning #Fed in the field of economy. In short, do not bore the investor, do not scare him, do not upset him, do not miss him. While everything is going well, People say that you raise the interest rates while making money, you make a mess, but when you get a reaction, you lower them again!
❗️Meanwhile, many people have repaid their losses. DON'T BE GREEDY!
#Binance #Write2Earn #Ethereum
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