Trump Threatens to Fire Fed Chair Over Rates

President Donald Trump has publicly called Federal Reserve Chairman Jerome Powell a 'major loser' and threatened to fire him if immediate interest rate cuts are not implemented. Trump insists that low inflation, due to falling energy and food prices, warrants preemptive rate cuts to stave off an economic slowdown. Despite legal protections for Powell, the administration is reportedly exploring options to remove him, raising concerns about the Federal Reserve's independence. These remarks and ongoing uncertainty over tariffs have led to significant market volatility, including declines in major stock indices and bond yields. Meanwhile, Trump's statements have triggered a surge in cryptocurrency trading as investors anticipate looser monetary policy. The situation has heightened worries about political interference in the central bank and its effects on both traditional and digital markets.