Former President Donald Trump has renewed his call for lower interest rates, arguing they are needed to stimulate economic growth. His remarks on April 19th came as a surprise, impacting financial markets and raising concerns about the future of monetary policy. The volatility in markets is especially significant for cryptocurrencies like Bitcoin, which are already sensitive to macroeconomic fluctuations.
Trump’s criticism of Federal Reserve Chair Jerome Powell directly impacts market sentiment. Financial experts caution that political influences could cause lasting instability in markets. Notably, increased risk aversion is present in both equities and crypto assets, with Bitcoin seeing a decline in price following the announcement.