Trump Eye Fed Rates, Talk Say Him Go Fire Powell
Former President Donald Trump yan criticize Federal Reserve interest rates say dem "too high," warn say high borrowing cost fit slow down growth. E talk say e no go hesitate to fire Fed Chair Jerome Powell, but e admit say firing Powell fit shake market. Analysts talk say sudden Fed leadership changes dey cause market wahala as investors dey rethink monetary policy. Despite di criticism, Trump dey expect say Powell go remain so dat disruption no go happen. Crypto traders suppose dey watch Federal Reserve rate decisions and any news about Powell because high uncertainty fit cause wahala for digital assets.
Bearish
Dis tori news na no good for di crypto market. Di Federal Reserve rates high and dem dey threat to fire Chair Powell, e dey create wahala dey make people dey fear risk. For short term, traders fit see beta up and down plus dem fit dey sell plenty as market dey prepare for tight money policy plus political pressure for central bank independence. For long term, if rates still high, e go reduce money flow and people no go dey buy crypto like before, so prices go dey fall.