CoinDesk Podcast Network COINDESK DAILY: 'Powell's Termination Cannot Come Fast Enough': Trump
Apr 17, 2025
In this episode, Trump calls for interest rate cuts, stating that Fed Chair Powell's termination is overdue. The discussion highlights the effects of such political moves on Bitcoin markets. Panama City has taken a bold step by accepting various cryptocurrencies for tax payments. Additionally, a new competition has emerged focusing on breaking Bitcoin security using quantum computing, raising questions about the future of digital assets.
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Trump Demands Rate Cuts
- Donald Trump publicly demands Federal Reserve Chair Jerome Powell cut interest rates.
- Trump expresses strong opposition, stating Powell's termination "cannot come soon enough."
Powell Warns of Stagflation
- Fed Chair Jerome Powell warns Trump's trade policies could cause stagflation.
- Bitcoin price drops to $84,000 but markets slightly rebound after Powell's hawkish stance.
Gold Outshines Bitcoin ETFs
- Gold becomes more attractive amid trade uncertainty and high fund inflows.
- Bitcoin ETFs suffer significant outflows, losing investor value in early 2025.