Trump Accuses Fed Chair of Political Bias and Calls for Rate Cuts

Key Points

1. Trump accuses Fed Chair Powell of lying and exhibiting bias, suggesting discrepancies in Fed's actions to hinder Trump.

2. Potential for rate cuts is discussed, with a September cut seen as likely, which may benefit cryptocurrencies.

3. The fiscal burden of tariffs is estimated at $2.1 trillion over ten years, with little discussion on its impact on consumers through inflation.

4. Biden’s Build Back Better program was projected to raise taxes by $1.3 trillion over a decade but received no focus from Powell.

5. U.S. goods inflation was 2.2% in the first quarter, with a 0.2% increase in the second quarter, and tariffs are expected to significantly impact inflation.