Trump’s Latest Tweet: Cut Rates, Jerome, or I’ll Make You!

Amid today’s ongoing market volatility, Trump stated that Federal Reserve Chair Jerome Powell must “stop playing politics” and swiftly cut the federal funds rate.

Wall Street in Retreat, Trump on the Offensive: Fed Must Act ‘Quickly’

A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!

As of 3 p.m. Eastern Time on Friday, the Nasdaq Composite had declined 5.33%, the NYSE was down nearly 6%, the Dow Jones Industrial Average had dropped more than 2,000 points or 5%, and the S&P 500 had fallen 5.14%. Yields on 10-year Treasury notes slipped five basis points to 3.98%. Meanwhile, gold—a traditional safe haven—faltered, losing 2.9% of its value. Bitcoin (BTC), in contrast, stood out from the turmoil, climbing 2% during the global financial rout. For now, BTC appears to be acting as a buffer against the broader downturn.

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2025-04-04 22:57