⚠️⚠️ DONALD TRUMP AND JEROME POWELL ⚠️⚠️

📌 Donald Trump has cautioned that Fed Chairman Powell should not lower interest rates before the elections. Trump indicated he would let Powell finish his term "if he does the right thing."

📌 In an interview with Bloomberg News, Trump acknowledged the possibility of the central bank reducing interest rates before the elections but insisted, "they should not do that."

📌 Trump mentioned that expectations for a rate cut rose after Powell expressed confidence that inflation was nearing the 2% target. Trump also revealed he is considering JPMorgan CEO Jamie Dimon for the Treasury Department.

📌 Reflecting on interest rate hikes in 2018, Trump tweeted, "They want to increase interest rates while the economy and stock market are rising. I'm not happy about it, but I tell them (Fed) to do their best."

⚠️ #Bitcoin Trump warned the Fed not to alarm or upset investors by increasing interest rates, only to lower them again in response to backlash.

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