Today in crypto, US President Donald Trump slammed the Federal Reserve chair for delaying rate cuts. CoinGecko says investor focus remains on memecoins and AI in early 2025. Meanwhile, Coinbase is distancing Base from a token it was criticized for promoting.
Trump blasts ‘too late’ Powell for not cutting interest rates
US President Donald Trump renewed his criticism of Federal Reserve Chair Jerome Powell, accusing him of being too slow to cut interest rates and escalating a long-running conflict that risks undermining the central bank’s political independence.
With the European Central Bank (ECB) cutting interest rates again on April 17, “Too Late” Powell has failed to act appropriately in the United States, even with inflation falling, Trump said on Truth Social on April 17.
“Powell’s termination cannot come fast enough!” Trump said.
Florida Senator Rick Scott agreed with the president, saying, “it’s time for new…
