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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Recently, Trump published an eye-catching long article on his social platform Truth Social, expressing strong views on the current state of the U.S. economy and the Fed's monetary policy. He directly criticized the policy direction of Fed Chair Jerome Powell, continuing his consistent direct and sharp style.
Trump pointed out in the text that, despite a decline in inflation data, the U.S. economy still faces severe challenges. He emphasized that the core Personal Consumption Expenditures Price Index remains above the Fed's long-term target of 2%, while the cost of daily living, such as food, energy, and housing, remains high, which means that the economic pressure on ordinary families has not been effectively alleviated.
In response to the Fed's policies, Trump raised explicit doubts and demands. He recalled his past calls for the Fed to adjust monetary policy to stimulate the economy. Given the current economic situation, Trump believes that conventional rate cuts are insufficient to solve the problem. He emphasized that if the Fed truly wishes to "unleash" the economy and alleviate the pressure on people's livelihoods, future rate cuts must significantly exceed his previous expectations; otherwise, it will be difficult to reverse the sluggish economic recovery.
It is worth noting that the divergence between Trump and Powell on monetary policy has a long history. As early as during Trump's presidency, he publicly criticized the Fed's interest rate hike decisions multiple times, arguing that aggressive rate hikes would suppress economic growth. His renewed pressure on the Fed through social media can be seen as a continuation of his consistent stance.
Trump's remarks have sparked widespread public discussion about the outlook of the U.S. economy and the direction of monetary policy. In any case, in the current complex economic environment, balancing inflation control with economic growth will remain a major challenge for the Fed.