President Trump Demands Immediate Rate Cuts as December 10 Meeting Nears

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U.S President Donald Trump has once again put the Federal Reserve under pressure. He just said immediate rate cuts are a requirement for the next Federal Reserve Chair. 

With the next Fed meeting just 1 day away, the timing of Trump’s ultimatum is adding even more heat to an already tense economic moment. How does the crypto market react to this?

Trump’s Rate Cut Demand for the Next Fed Chair

According to a report from Solid Intel, Trump wants the next Federal Reserve leader to guarantee lower interest rates as a core condition for the job. Trump has always said high rates slow the economy, but this time he is making it a strict condition.

By calling rate cuts a “non-negotiable” condition, no rate-cut commitment, no appointment.

This demand raises a big concern. The Federal Reserve is supposed to work independently and be free from political pressure. 

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