“Don’t Blow It!” Trump Puts Pressure On The Fed To Lower Interest Rates, Time To Stack Satoshis

  • President Trump: Our interest rates are much higher than in other countries when they should be lower
  • Trump’s call to Fed: There is almost no inflation
  • Global debt hits $246 trillion in Q1 2019, nearly 320% of GDP
  • Time to find the next best storehold of wealth – Bitcoin

President Donald Trump ramped up his attacks on the independent Federal Reserve on Friday, faulting the central bank for a slowdown in economic growth. In a series of tweets, the president addressed the speech New York Fed President John Williams delivered Thursday.

Willimas’ remarks were initially taken as indicative of the central bank being prepared to cut down the rate aggressively.

“It’s better to take preventative measures than to wait for disaster to unfold,” said Williams.

But soon a Fed spokesman walked back the comments stating:

“This was an academic speech on 20 years of research. It was not about potential policy actions at the upcoming FOMC meeting.”

Trump said he liked “John Williams first statement much better than his second.” He called on the Fed to “stop with the crazy quantitative tightening” and not to “blow it.”

Trump has long been a Fed critic, saying that the rate hikes by the central bank since December 2015 along with “quantitative tightening” have constrained economic growth.

With fear building over a cluster of issues including tariffs, Brexit, economic slowdown, lack of inflationary pressures, and debt ceiling negotiations, markets widely have been expecting the fed to announce rate cut at its July end meeting.

Time To Find The Next Best Storehold Of Wealth, Bitcoin!

While Trump continues to pressurize the Fed, ultimately it would lead to another financial crisis. As recently reported, Ray Dalio, the founder of the largest hedge fund, Bridgewater Associates, wrote earlier this week that the central banks have been lowering interest rates and doing quantitative easing that is “unsustainable.”

He said more of the printing and buying of assets will only produce negative returns that will lead investors to prefer alternative forms of money and storeholds of wealth.

While traditionally gold is one such investment, bitcoin received validation from the Fed chairman Jerome Powells last week when he compared it with gold, calling it a “store of value.”

With no printing out of existence for Bitcoin, having a fixed supply and being a deflationary asset, the leading cryptocurrency exhibits promise. Additionally, Bitcoin has been the best performing asset of 2019, with the next scheduled in May 2020 and having started it latest bull run, Bitcoin holds immense benefits and potential.

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