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Trump Anticipates Major Fed Rate Slash
BlockBeats reports that former President Trump is expecting the Federal Reserve to implement a hefty interest rate cut soon.
Honestly, I'm skeptical about his motives here. Trump's always pushing for rate cuts when it benefits his business empire and political narrative, regardless of what's actually best for economic stability. Classic move from his playbook - pressure the Fed publicly to manipulate markets in his favor.
The timing of this statement reeks of political calculation rather than economic insight. I've watched him do this before - talking up rate cuts to pump markets ahead of elections or important political moments. It's transparent market manipulation from where I'm sitting.
These comments come amid a series of signals from various Fed officials about potential rate adjustments. San Francisco's Fed President recently supported cuts, while Governor Bowman projects three cuts in 2025. But should we really be following Trump's financial instincts? His business track record is spotty at best.
The market seems to be responding positively regardless - S&P futures are up following the Core PCE Price Index release. Meanwhile, some major traditional finance players like Vanguard are finally preparing to offer crypto ETF investments on their platform - a move they've resisted for years.
No financial advice here - just calling it like I see it. Trump's expectations may move markets temporarily, but the Fed will ultimately do what serves their dual mandate, not what serves Trump's interests.