Trump: "No inflation... Fed must cut rates swiftly"

JOON HYOUNG LEE

Summary

President Donald Trump emphasized that the Fed should promptly lower interest rates.
President Trump referred to the rise in the cryptocurrency market, including Bitcoin, noting that cryptocurrencies are soaring.
Citing the strength of the U.S. economy and the absence of inflation, President Trump urged the Fed to make rate cuts a higher priority.

On the 10th (local time), U.S. President Donald Trump once again pressured Jerome Powell, Chairman of the Fed, by saying "interest rates must be lowered swiftly."

On this day, President Trump stated on his social media, Truth Social, that "the United States has now regained its No. 1 global credit rating," adding, "The Fed's rate should reflect this."

Chairman Powell was also mentioned. President Trump said, "The phrase 'Too Late' means a downgrade in the United States' credit rating," and insisted, "Rate cuts must be the top priority." He has repeatedly criticized Chairman Powell, who has maintained a cautious stance on rate cuts, calling him 'Too Late Powell.'

He also emphasized the rise in the cryptocurrency market, including Bitcoin (BTC). President Trump said, "Cryptocurrencies are breaking through the ceiling and soaring," and, "the United States has now fully recovered while generating hundreds of billions of dollars in tariff revenue." He further claimed, "There is no inflation in the United States," and asserted, "The Fed must swiftly cut rates to reflect this strength."

BTC