{"id":390693,"date":"2019-07-22T23:00:04","date_gmt":"2019-07-22T23:00:04","guid":{"rendered":"https:\/\/wncen.com\/?p=390693"},"modified":"2024-06-11T13:45:46","modified_gmt":"2024-06-11T13:45:46","slug":"bullish-for-bitcoin-trump-turns-up-pressure-on-federal-reserve-to-cut-interest-rates","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bullish-for-bitcoin-trump-turns-up-pressure-on-federal-reserve-to-cut-interest-rates\/","title":{"rendered":"Bullish For Bitcoin? Trump Turns Up Pressure on Federal Reserve to Cut Interest Rates"},"content":{"rendered":"

President Trump<\/a> is continuing to pressure the Federal Reserve<\/a> for dragging its feet on interest rate cuts. For some, such aggressive economic policy is yet another inadvertent advertisement for Bitcoin for the US president.<\/p>\n

Donald Trump recently<\/a> declared himself as being generally opposed to Bitcoin and cryptocurrency. However, for some analysts, the president is doing a first rate job of making the technology more appealing.<\/p>\n

Will Trump’s Aggressive Economic Policy Drive People Towards Bitcoin?<\/h2>\n

Taking to Twitter<\/a> earlier today, President Trump stated that he would like to see the Federal Reserve cut interest rates soon. He argues that if the economy takes a downturn in the future then it will be more costly to take action then, rather than preemptively.<\/p>\n

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It is far more costly for the Federal Reserve to cut deeper if the economy actually does, in the future, turn down! Very inexpensive, in fact productive, to move now. The Fed raised & tightened far too much & too fast. In other words, they missed it (Big!). Don\u2019t miss it again!<\/p>\n

— Donald J. Trump (@realDonaldTrump) July 22, 2019<\/a><\/p><\/blockquote>\n