<\/p>\n
Trump says his next Fed chair will usher in \u201ca lot\u201d of rate cuts, stoking debate over political pressure on the central bank and what looser policy means for crypto.<\/p>\n
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U.S. President Donald Trump said he will soon name his next Federal Reserve chair and predicted that borrowing costs will fall once that pick is in place, signaling fresh pressure on the U.S. central bank\u2019s rate path as markets digest stubborn inflation and a late\u2011cycle economy.<\/a>\u200b<\/p>\n Speaking at an event<\/a> in Iowa on Tuesday, Trump told supporters he is close to a decision on who will lead the Fed. \u201cWhen we have a great Fed chairman, I think we\u2019re going to have one. I\u2019ll announce it pretty soon. You\u2019ll see rates come down a lot,\u201d he said, directly tying his yet\u2011to\u2011be\u2011named candidate to a future easing cycle. The White House has not released a shortlist, and there was no immediate comment from the Federal Reserve, which formally sets policy through its Federal Open Market Committee.<\/p>\n <\/p>\n Trump\u2019s remarks underscore the political stakes around monetary policy after an aggressive tightening campaign left benchmark U.S. rates at multi\u2011year highs and pushed up costs for mortgages, credit cards and corporate debt. While presidents routinely appoint Fed chairs, explicit public forecasts from the Oval Office about future rate levels after a personnel choice remain unusual and will likely draw scrutiny from investors wary of political interference.<\/p>\n Traditional markets are already primed for debate over when, and how fast, the Fed can pivot. Higher\u2011for\u2011longer policy has supported the dollar and compressed valuations in rate\u2011sensitive sectors, even as pockets of speculative risk remain active. In digital assets, the largest cryptocurrencies were trading mixed over the past 24 hours. Bitcoin (BTC) changed hands around $89,100, with moves of roughly plus or minus 1% depending on venue, as 24\u2011hour volumes hovered in the $34\u201339 billion dollar range. Ethereum (ETH) traded near 3,900 euros, up about 0.5% on the day after a roughly 14% rise over the week. XRP (XRP) was last around $1.88, slipping about 0.6% in 24 hours, with a market capitalization close to $115 billion.<\/a><\/p>\n For now, Trump\u2019s promise that \u201cyou\u2019ll see rates come down a lot\u201d remains a political line rather than a policy roadmap. Until a name is put forward \u2014 and markets can assess how that candidate might vote on the next rate decision \u2014 traders will be left gaming the same data the current Fed says it is watching: inflation, employment and growth.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Trump says his next Fed chair will usher in \u201ca lot\u201d of rate cuts, stoking debate over political pressure on the central bank and what looser policy means for crypto.…<\/p>\n","protected":false},"author":1,"featured_media":7755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20798"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20798\/revisions"}],"predecessor-version":[{"id":20799,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20798\/revisions\/20799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7755"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Trump\u2019s promise on rates<\/h2>\n
Market and crypto context<\/h2>\n