Trump 'thinks' Powell will lower interest rates originally appeared on TheStreet .
President Donald Trump on Friday expressed confidence in Federal Reserve Chair Jerome Powell, signaling he believes a rate-cutting cycle may be near.
"I think we had a very good meeting on interest rates. And [Powell] said to me ... very strongly, the country is doing well," Trump told reporters. "I got that to mean that I think he's going to start recommending lower rates."
The comments came a day after Trump met Powell and other officials at the Fed's headquarters — a sit-down that both sides characterized as "positive."
White House budget director Russell Vought also weighed in, emphasizing the administration's stance on monetary easing.
"There's a whole host of issues with regard to the Fed, and we want to make sure that those questions get answered over time," he said. "This is not a pressure campaign on the Fed chairman."
The administration has voiced concerns not only about rates, but also the Fed's financial operations and its costly Washington renovation project.
"We're going to continue to articulate our policy concerns with regard to the Fed's management," Vought said.
Still, Trump added:
"I believe that the chairman is going to do the right thing... it may be a little too late, as the expression goes, but I believe he's going to do the right thing."
White matrix for crypto
Crypto markets are flashing red, with major tokens posting slight declines over the past 24 hours. At writing, Bitcoin (BTC) is trading around $115,235, down 2.8% on the day. Ethereum (ETH) hovers at $3,648.67, while XRP is at $3.03, despite a strong weekly showing.
Traders are now watching the Federal Reserve for signals of monetary easing. Historically, rate cuts increase liquidity, lower borrowing costs, and boost demand for risk assets like crypto. If the Fed pivots dovish, digital assets may rebound — making the next FOMC signal critical for crypto bulls.
Trump 'thinks' Powell will lower interest rates first appeared on TheStreet on Jul 25, 2025
This story was originally reported by TheStreet on Jul 25, 2025, where it first appeared.
