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Trump Presses for Rate Cuts as Fed Holds Steady at 3.5-3.75%, Bitcoin Drops to $64,800

GateNews
Monetary PolicyPrice VolatilityForexCommodities

President Trump expressed support for interest rate cuts on June 17, 2026, pressuring Fed Chair Kevin Warsh to lower rates despite inflation running above 4%. The Fed held rates steady at 3.5-3.75% during Warsh's first policy meeting, the day after Trump made his push for monetary easing.

Bitcoin fell to approximately $64,800 following the decision before stabilizing near $65,300. Economists are currently speculating the Fed could cut rates by up to 100 basis points through 2026, potentially bringing the target range to 2.5-2.75%.

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