šŗšø President Donald Trump took to Truth Social to boast about the markets, highlighting the all-time highs of tech stocks, industrial stocks, and the Nasdaq. He also praised the “explosive rise” in crypto, which he claimed had reached record highs “through the roof.”
Market Highs and Bitcoin Rally: Trump Gives Himself a Pat on the Back
The S&P and Nasdaq both closed at new record highs, while crypto markets caught fireābitcoin climbed to a peak of $113,879 per coin. The market rally gave Trump a reason to puff his chest, claiming the United States is thriving under his leadership.
“Tech stocks, industrial stocks, & Nasdaq, hit all-time, record highs! Crypto, ‘through the roof,'” Trump wrote on the social media platform Truth Social. “Nvidia is up 47% since Trump tariffs. [The] USA is taking in hundreds of billions of dollars in tariffs. [The] country is now ‘back.’ A great credit! [The] Fed should rapidly lower rate[s] to reflect this strength. [The] USA should be at the ‘top of the list.’ No inflation,” he added.
Trump has repeatedly vented his frustration at the U.S. central bank this year, zeroing in on Federal Reserve Chair Jerome Powell. After applauding the marketās performance, he took another swipe at Powellāonce again labeling him āToo Late.ā In a separate Truth Social post published at 10:37 a.m., Trump wrote:
“āToo Lateā DEMEANS THE GREAT CREDIT OF THE USA. We are now, again, the Number One Credit in the World! āGigantic Comeback.ā The Fed Rate should be reflective of this. We should be at the top of the list!!! LOWER THE RATE!!!ā
Trump has long reveled in tying market wins to his leadership, never missing a chance to shine his own coat when numbers hit new highs. Thursday was no differentāstocks soared, bitcoin rallied, and Trump made sure everyone knew who he thought deserved the credit.
His simultaneous attacks on the Federal Reserve position it as the sole obstacle to even greater prosperity, deflecting potential blame. This narrative, consistently amplified through his preferred social media platform, leverages economic indicators as campaign tools, reinforcing his claim to singular credit for national success.
However, Powell doesnāt appear eager to play along with Trumpās game. Despite repeated jabs and mounting political pressure, the Fed chair has stuck to his own paceāunmoved by Trumpās swipes.
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2025-07-11 00:27