Fed chair hints at rate cut, Trump criticizes Powell, potential for increased crypto market activity

From Yahoo Finance: 2025-06-25 14:12:00

President Donald Trump hints at potential replacement for Federal Reserve chair, calling current chair Jerome Powell “average mentally person” with “low IQ.” Trump anticipates Powell’s departure soon. Trump emphasizes strong economy, tariff revenue, and investment inflow, signaling dissatisfaction with Powell’s performance. Crypto market cap at $3.29 trillion, Bitcoin at $107,380.25, Ethereum at $2,414.25. Powell suggests future trade deals could influence interest rate cuts at recent congressional testimony. Next FOMC meeting scheduled for July 29-30. Potential rate cuts may lead to significant investment in the crypto market. Fed chair hints at interest rate cuts as Trump criticizes Powell’s performance. Powell suggests trade deals could influence rate cuts. Next FOMC meeting set for July 29-30. Rate cuts may trigger increased crypto market activity.

Read more: Fed chair drops surprising rate cut hint as Trump calls him ‘average mentally person’