Trump’s Rate Rumble: Will Bitcoin Survive the Fed’s Indifference? 😂💸

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As the clock ticks ominously towards the Federal Reserve’s momentous decision on interest rates, the political arena is already a veritable circus. Today, on the illustrious South Lawn of the White House, President Donald Trump, in a fit of unrestrained candor, labeled Fed Chair Jerome Powell as “Stupid.” Quite the compliment, wouldn’t you agree? He confidently proclaimed that the central bank “probably won’t cut today.”

In a display of economic acumen that would make even the most seasoned economists blush, Trump lamented that the Fed has maintained borrowing costs at stratospheric levels for far too long, costing the U.S. economy billions. “He’s a political guy who’s not a smart person, but he’s costing the country a fortune,” Trump quipped, as if he were discussing a particularly inept contestant on a reality show.

Trump, ever the expert, insisted that interest rates should be at least two percentage points lower. He pointed out, with a flourish, that while Europe has been busy slashing rates like a butcher at a meat market, the U.S. has remained stubbornly stagnant.

Currently, the Fed holds interest rates in the range of 4.25% to 4.50%. Most experts, those charmingly optimistic souls, believe that no changes will be made during today’s meeting. According to the CME FedWatch tool, there’s a staggering 99.9% chance that rates will remain unchanged. Investors, however, are more intrigued by what the Fed might whisper about potential rate cuts later this year, as if waiting for a particularly juicy gossip.

In a delightful twist, Trump also weighed in on inflation. He expressed a begrudging understanding of Powell’s concerns but dismissed inflation as a mere specter. “If he’s worried about inflation, that’s OK. I understand that. I don’t think there’s going to be any. So far, there hasn’t,” he stated, as if he were a modern-day oracle.

“But now we have a man that just refuses to lower the Fed rate, just refuses to do and he’s not a smart person. I don’t even think he’s that political. I think he hates me, but that’s OK,” the President mused, clearly relishing the drama.

Meanwhile, Bitcoin, that capricious digital darling, is holding steady. The market appears to be in a state of suspended animation, having dipped below $104,000 yesterday, attempted a valiant recovery to around $105,000 today, only to retreat once more. As of now, Bitcoin is trading at a modest $104,873.

Any pronouncement from the Fed could send Bitcoin on a wild rollercoaster ride. If Powell adopts a stern tone regarding inflation, Bitcoin might plummet below $100,000. Conversely, if the Fed hints at future cuts, Bitcoin could soar past $110,000, leaving investors gasping in disbelief.

In a moment of levity, Trump joked about usurping Powell’s position. “I’d do a much better job than these people,” he declared, with all the confidence of a man who has never met a challenge he didn’t think he could conquer. Although he has no plans to fire Powell, he hinted at the possibility of appointing a new Fed Chair once Powell’s term expires in May next year, as if he were casting for a new lead in a blockbuster film.

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2025-06-18 19:25