Trump Criticizes Fed’s Powell, Demands Interest Rate Cuts – Coincu

Former U.S. President Donald Trump called for Federal Reserve Chairman Jerome Powell to cut interest rates or resign, criticizing Powell’s monetary policy approach on Truth Social on June 19, 2025. Trump’s post stated, “Too late Mr. Powell is the worst, he is really an idiot, costing America billions of dollars!” This call follows unchanged interest rates announced by the Federal Reserve.

The Federal Reserve’s decision maintains its steady course on interest rates, amidst rising inflation and unemployment forecasts. Market reactions were subdued with minimal volatility following the comments, leaving broader financial implications dependent on potential upcoming policy shifts.

Trump Urges Fed Action Amid Stable Market Reaction

Trump’s demand for rate cuts or Powell’s resignation was delivered via social media. On Truth Social, Trump stated Powell is “costing America billions,” critiquing his leadership over economic policy choices. This critique was echoed by regulators overseeing Fannie Mae and Freddie Mac, adding political weight to the discourse.

Powell confirmed no immediate rate change (source), keeping rates at 4.25%–4.5%. Market response remained cautious, with no significant asset changes. Historically, Trump’s monetary policy remarks sometimes prompt market volatility; however, absent new policy actions, crypto and financial markets largely shrugged off this latest exchange.

Financial markets exhibited little volatility, diverging from historical precedents where Trump’s past remarks occasionally influenced short-term market movements. Powell reiterated a wait-and-see stance at the Federal Reserve’s press conference, saying, “We are well-positioned to wait to learn more about the likely course of the economy before considering any adjustments” (source), signaling vigilance in managing future economic trends.

Crypto Markets Stay Resilient Despite Monetary Policy Tensions

Did you know? In 2018, Trump’s critical remarks on Powell’s policies spurred volatility in U.S. asset markets, affecting both traditional and crypto markets. However, such impacts typically resolve without sustained policy shifts.

Bitcoin’s current price stands at $104,677.65, with a market cap of $2.08 trillion and a dominance of 64.02%. Over the past 60 to 90 days, BTC experienced noticeable growth, increasing by 24.26% and 25.20% respectively. The 24-hour trading volume recently dipped by 10.93% to approximately $45.09 billion, as reported by CoinMarketCap on June 19, 2025.

The Coincu research team highlights that the absence of major rate changes maintains pressure on assets such as Bitcoin (BTC) and Ethereum (ETH). Future policy updates might reignite volatility depending on new macroeconomic signals. Historically, crypto assets demonstrate resilience despite monetary policy debates, as investors seek longer-term outcomes.