Trump’s Tariffs: Fed Chair Jerome Powell Could Announce Emergency Rate Cut Amid Crypto Market Crash

7 months ago 262

Fed Chair Jerome Powell Could Announce Emergency Rate Cut Amid Crypto Market Crash

It is becoming a huge possibility that Fed Chair Jerome Powell could announce an emergency rate cut following Donald Trump’s tariffs, which have led to a crypto market crash. The US Central Bank will have a closed-door meeting today, which could lead to this rate cut, a move that would be positive for the market.

Fed Chair Jerome Powell To Announce Emergency Rate Cut?

A Federal Reserve release showed that the Fed Chair Jerome Powell and the Board of Governors plan to hold a closed-door meeting today, which could lead to an emergency rate cut from the US Central Bank.

According to the release, the Fed’s Board of Governors plans to review and determine the advance and discount rates the Federal Reserve banks will charge.

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