Trump: "No Inflation... Fed Should Cut Rates"

Son Min

Summary

President Trump claimed there is no inflation and urged the Fed to cut interest rates.
Trump's tariff policy has brought economic benefits to the U.S., but hinted at conflicts with other countries.
It was reported that the prices of major cryptocurrencies like Bitcoin have fallen by over 6.82% due to the tariff policy.

U.S. President Donald Trump urged the Federal Reserve (Fed) to cut interest rates, stating that there is no inflation occurring in the United States.

On the 7th (local time), President Trump stated on Truth Social, "Oil and food prices are falling, and there is no inflation at all," adding, "The Fed is too slow. They should cut rates."

He also expressed his stance on tariff policies. Trump said, "The tariffs applied this time are bringing in billions of dollars a day to the U.S.," emphasizing, "Other countries have been taking advantage of the U.S. and reaping many benefits. Let's make America great again." He further warned, "I have warned other countries not to retaliate against the U.S., but they ignored my warning," hinting at the possibility of additional retaliation.

Meanwhile, due to Trump's tariff policy, cryptocurrencies, including Bitcoin (BTC), have significantly dropped. As of 8:30 PM, Bitcoin is trading at $77,124, down 6.82% from 24 hours ago on the Binance USDT market. Ethereum (ETH), Solana (SOL), and XRP have also fallen by approximately 16%, 14%, and 15%, respectively.