Outside the US Parliament, a huge and attractive 12 -foot tall gold statue holding President Donald Trump’s bitcoin has been installed. There is a crowd of people to see this golden statue of Trump.
While there is a thrill among the people about this statue of US President Trump, on the other hand, controversy has started with it. In fact, the statue of Trump has been unveiled at a time when the Federal Reserve has announced a cut of 25 basis points in interest rates.
Cryptocurrency investors fund
According to the ABC -affiliated WJLA, the cryptocurrency investors have been funded to make this statue. According to reports, the organizers said that the purpose of this statue is to debate the future, monetary policy and the role of the federal government in the financial markets.
Apart from this, many people say that this Golden Statue pays homage to Trump’s vocal support for cryptocurrency and it is expected that it will draw the attention of observers throughout the day. Photos and videos of this statue of Trump are being viral on social media. In these, the President’s Cryptocurrency stance has been praised.
Interest rate cut for the first time since December 2024
For the first time after December 2024, the Federal Reserve has announced a quarter point cut in its major interest rate. With this deduction, the short -term interest rate will decrease from 4.3 percent to about 4.1 percent. The central bank has revealed that this year has been planned to cut the interest rates twice more, but only once in 2026 may be disappointed by Wall Street.
People are constantly raising questions about the relations between President Donald Trump and the US central bank chief. However, everyone’s eyes are on Trump’s reaction to the important decision of the Fed officials led by Jerome Powell to cut interest rates.
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