Trump Calls for Immediate Fed Rate Cut to Boost Crypto Economy

President Trump recently called for an immediate reduction in interest rates by the Federal Reserve, citing low consumer prices as the primary reason. This announcement was made on July 15 through his Truth Social platform. Trump's call to action is part of a broader economic strategy that emphasizes U.S. leadership in cryptocurrency adoption. He stressed the need for the U.S. to cut rates to leverage low prices and boost economic activity, while also emphasizing his administration’s commitment to advancing digital asset prominence.

Trump’s administration is prioritizing the establishment of a National Digital Asset Reserve, as planned in recent executive orders. He stated, “After years of corrupt attacks by the Biden administration, the U.S. cryptocurrency reserve will drive this critical industry, which is why my digital asset executive order directs the President’s Working Group to advance a strategic reserve including XRP, SOL, and ADA. I will ensure the U.S. becomes the world’s cryptocurrency capital. We are making America great again!”

Market participants responded cautiously to Trump’s statements, with no immediate evidence of significant price changes in cryptocurrencies. Analysts express concerns about the direct impact of Trump’s statements on Fed policy decisions. According to the analyst's forecast, such policies might lead to increased institutional crypto participation, echoing historical precedents where supportive fiscal announcements triggered market optimism.

Trump’s call for immediate Fed rate cuts echoes historical demands during his 2017-2021 presidency, particularly when advocating fiscal policies aligned with pro-business and pro-crypto agendas. The administration’s focus on digital assets and cryptocurrency leadership is a continuation of Trump’s economic vision, aiming to position the U.S. as a global leader in the digital asset space.