Trump dey demand 3% interest rate cut, Fed and markets dey on edge
US President Donald Trump for July 22 put more pressure on Fed Chairman Jerome Powell, blame am say e dey keep rates too high and call make dem reduce interest rate sharply by three percentage points to 1%. E talk say high borrowing cost dey squeeze homebuyers and make housing market slow down, e also suggest make dem remove capital gains tax for house sales. White House dey plan to visit Federal Reserve headquarters to put their case. Treasury Secretary Benson and Deputy Secretary Bessant talk openly for lower interest rates, dem talk say strong economic data, expanded Fed mandate and government dey spend more na why dem need urgent monetary easing. Traders suppose watch changes for US monetary policy and when dem go cut interest rate, because big cut fit trigger higher bond yields, stock market rally and crypto market wahala go begin again. The political tension around Fed policy dey make things uncertain and fit cause short-term rise for risk assets like BTC and ETH.
Bullish
Pressure from White House and Treasury make Federal Reserve to do big interest rate cut fit boost risk appetite for markets dem. For short term, talk about lower borrow cost fit cause money flow enter crypto assets, make prices go up. For long term, steady low rates and more liquidity dey support crypto values as investors dey find better returns pass normal bonds and stocks. Political uncertainty fit bring sharp wahala, but overall thing dey favor better outlook for crypto.