Trump Praises Rate Cut as Rocket Fuel Amid Powell Obstruction: Impact on Bitcoin Market

On June 6th, U.S. President Trump publicly commented on monetary policy via social media, emphasizing the need for a significant interest rate reduction. He criticized Federal Reserve Chairman Jerome Powell’s approach, suggesting that a one percentage point cut would act as rocket fuel for the economy. This statement highlights ongoing tensions between political leadership and central banking authorities regarding optimal strategies for economic growth. Market participants should monitor such rhetoric closely, as it may influence crypto market volatility and investor sentiment amid broader macroeconomic shifts.