COINDESK DAILY: 'Powell's Termination Cannot Come Fast Enough': Trump
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 17 April 2025
⏱️ 3 minutes
🧾️ Download transcript
Summary
Host Christine Lee breaks down the latest news in the crypto industry as Trump calls for interest rate cuts and warns of Fed Chair Jerome Powell's termination.
Trump again calls for Fed Chair Jerome Powell to lower interest rates, adding his "termination cannot come soon enough." Meanwhile, Panama City embraces bitcoin, ether and other cryptocurrencies for taxes and municipal payments, and quantum computing group launches a competition to break Bitcoin. CoinDesk's Christine Lee hosts "CoinDesk Daily."
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
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Transcript
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| 0:49.8 | Trump again calls for Fed Chair Jerome Powell to lower interest rates, saying his termination |
| 0:54.3 | can't come soon enough as Bitcoin's rally stalls. It's Thursday, April 17, 2025. I'm Christine Lee. |
| 1:01.7 | This is CoinDest Daily. |
| 1:07.9 | U.S. President Donald Trump calling on Fed Chair Jerome Powell to cut interest rates on truth social |
| 1:12.9 | and complaining his termination cannot come fast enough Thursday. |
| 1:17.0 | Yesterday, Fed Chair Jerome Powell raised stark concerns over the effects of President Trump's terrorist policy, |
| 1:23.4 | saying they will likely cause higher inflation and slower growth. |
| 1:27.0 | In other words, stagflation. |
| 1:29.3 | Lekker Capital, CIO Quinn Thompson telling Coin desk, Powell's tone was very hawkish and that a |
| 1:34.3 | may rate cut appears off the table, short of some drastic change in the market or economic situation. |
| 1:40.6 | Bitcoin is clinging to $84,000 and the crypto markets are slightly rebounding after dipping on Powell's damp outlook. |
| 1:47.8 | The allure of gold is increasingly becoming more compelling than ever amid Trump's trade war uncertainty as gold fund flows hit $80 billion so far this year, |
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