Two Fed Governors Break Ranks, Call for an Immediate Rate Cut
Main Idea
Two Federal Reserve Governors have called for an immediate interest rate cut amid pressure from US President Donald Trump, who has criticized Fed Chair Jerome Powell but reaffirmed he would not fire Powell if rate cuts occur.
Key Points
1. US President Donald Trump has intensified pressure on Fed Chair Jerome Powell to cut interest rates aggressively, including visiting the Fed's headquarters and discussing policy.
2. Trump criticized policymakers but stated he would not fire Powell as long as interest rate cuts are implemented.
3. Two Fed Governors, Waller and Bowman, have openly called for an immediate rate cut, breaking ranks with the Fed's current stance.
4. Lower interest rates typically weaken the US dollar as investors seek higher returns in non-USD assets, potentially encouraging more global investment.
Description
Pressure on the Fed to cut rates is intensifying after a visit from President Trump and new internal dissent Two Fed governors have now openly called for a rate cut, the first such public dual dissent in 30 years A potential rate cut is seen as highly bullish for Bitcoin, as it would likely weaken the US dollar and boost risk assets. US President Donald Trump has once again intensified public pressure on Fed Chair Jerome Powell to aggressively cut interest rates. Last week, he visited the centra...
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