Trump Demands 200 Basis Point Rate Cut from Fed to Boost US Economic Competitiveness

Former President Donald Trump urged the Federal Reserve for a significant rate cut of 200 basis points, characterizing it as “Rocket Fuel” for the U.S. economy. He believes this move would bolster the nation’s competitiveness against global rivals like the European Central Bank. Trump’s call comes amidst economic pressures and inflation concerns that have led to calls from various parties seeking a more active role of the Fed in stabilizing markets. The potential rate cut is seen as crucial for increasing liquidity across various asset classes, with some market experts expecting this move could boost cryptocurrency investments such as Bitcoin and Ethereum.