美國總統唐納德·特朗普（Donald Trump）最近對美聯儲主席杰羅姆·鮑威爾（Jerome Powell）做出了反應

這種反應引起了觀察美聯儲舉動的加密市場投資者的情緒。

The President of the United States, Donald Trump, has recently reacted to the Chairman of the Federal Reserve, Jerome Powell. He has accused him of bearing responsibility for the U.S. economy and interest rates.

美國總統唐納德·特朗普（Donald Trump）最近對美聯儲杰羅姆·鮑威爾（Jerome Powell）主席做出了反應。他指責他對美國的經濟和利率負責。

Following the FOMC decision not to change interest rates, Trump has called the Fed chair, Jerome Powell, a fool. He has also criticised him, saying that the inflation rate is almost non-existent, urging more tariff money to be brought into the country.

在FOMC決定不改變利率之後，特朗普稱美聯儲主席杰羅姆·鮑威爾（Jerome Powell）是傻瓜。他還批評了他，說通貨膨脹率幾乎不存在，敦促將更多的關稅帶入該國。

This reaction has elicited sentiments in the crypto market investors who are observing the moves of the Fed.

這種反應引起了觀察美聯儲舉動的加密市場投資者的情緒。

Trump’s Sharp Critique of Jerome Powell and the Federal Reserve

特朗普對杰羅姆·鮑威爾和美聯儲的敏銳批評

Usually, emerging expectations on the marketplace after he appointed Jerome Powell to head the Federal Reserve, Donald Trump was not slow to vent his anger on his Truth Socials account. Trump used explicit language, naming Powell a “fool” who failed to comprehend the economic situation in the United States.

通常，唐納德·特朗普（Donald Trump）任命杰羅姆·鮑威爾（Jerome Powell）領導美聯儲的新興期望在他任命杰羅姆·鮑威爾（Jerome Powell）領導美聯儲之後，對他的真相社交帳戶的憤怒並不慢。特朗普使用明確的語言，將鮑威爾命名為“傻瓜”，他未能理解美國的經濟狀況。

According to Trump, the U.S. was not experiencing any inflation. He said that oil, energy, and even groceries were becoming cheaper. Such cost reductions reassured Trump as proof that the inflation threat was well contained, denying the Fed a reason to push interest rates further upwards. The latter statements made by Trump show that he does not share Powell’s concerns over inflation. In his opinion, inflation risks are insignificant.

根據特朗普的說法，美國沒有經歷任何通貨膨脹。他說，石油，能源甚至雜貨變得更便宜。這種成本降低使特朗普放心，這證明了通貨膨脹威脅很充分的，否認了美聯儲進一步向上推動利率的理由。特朗普發表的後一種陳述表明，他沒有分享鮑威爾對通貨膨脹的關注。他認為，通貨膨脹風險微不足道。

Trump’s Perspective on Tariffs and Economic Growth

特朗普對關稅和經濟增長的看法

In addition to Powell, Trump continued presenting the benefits of applying tariffs. Instead, he focused on the revenue of tariffs entering the United States. He stated it as evidence that everything was going according to the plan, and his actions regarding trade were justified.

除了鮑威爾，特朗普還繼續提出申請關稅的好處。相反，他專注於進入美國的關稅的收入。他說，這是根據計劃進行的證據，他關於貿易的行為是合理的。

As per Trump, tariffs, especially with Chinese products, were collecting substantial revenue for the U.S. government. At the same time, it favors America’s domestic industries.

根據特朗普的說法，關稅，尤其是中國產品，正在為美國政府收取可觀的收入。同時，它有利於美國的家庭行業。

The argument that Trump provided indicates a reasonable way of looking at tariffs as a source of revenue. This could counterbalance the cost of a more aggressive monetary policy. However, critics claim that tariffs increase consumer costs, especially in industries that import most necessities.

特朗普提供的論點表明，將關稅視為收入來源的合理方式。這可以抵消更具侵略性的貨幣政策的成本。但是，批評者聲稱關稅增加了消費者成本，尤其是在進口大多數必需品的行業中。

However, this does not change that Trump’s remark is based on his thinking about protectionism in trade and international markets. He disagrees with conventional economic principles supporting free trade and market integration.

但是，這並沒有改變特朗普的言論是基於他對貿易和國際市場保護主義的思考。他不同意支持自由貿易和市場融合的常規經濟原則。

From the cryptocurrency point of view, Trump’s discourses on trade and inflation can affect the perception of digital assets. Since Bitcoin and other cryptocurrencies are invested in as an inflation hedge, perceived low inflation in the traditional economy might lower some people’s appetite for the former.

從加密貨幣的角度來看，特朗普關於貿易和通貨膨脹的論述可能會影響數字資產的看法。由於將比特幣和其他加密貨幣作為通貨膨脹對沖投資，因此傳統經濟中的低通脹可能會降低某些人對前者的胃口。

Crypto Markets and the Impact of the Fed’s Decision on Interest Rates

加密市場和美聯儲決定對利率的影響

For crypto market investors, this is a never-ceasing discussion about an interest rate and its possible impact on the inflation rate, monetary policies, and digital currencies. Once again, Bitcoin and other cryptocurrencies are generally viewed as an inflation hedge. Many traders are concerned about fiscal policy and how the steady position of the Fed on interest rates affects both the conventional monetary system and the emerging world of cryptocurrencies.

對於加密市場投資者而言，這是關於利率及其對通貨膨脹率，貨幣政策和數字貨幣的可能影響的永不停職討論。再一次，比特幣和其他加密貨幣通常被視為通貨膨脹對沖。許多交易者關心財政政策以及美聯儲在利率上的穩定地位如何影響傳統的貨幣體系和新興加密貨幣世界。

Bitcoin, for example, has been exposed to volatility when Monetary policy statements from the FED are implemented with a hike in interest rates. Often, it results in sell-offs in risky assets, including Bitcoin. Through proper government control of inflation, there might be less demand for cryptocurrencies as an inflation hedge. This is because it reduces the chances of high volatility in the market. On the other hand, if traders and investors positively react to Trump’s thinking and view it as a strength of the economy, it may lead to more risk-seeking behavior. This may be skewed more towards equities and other traditional investments in preference to cryptocurrency.

例如，當來自美聯儲的貨幣政策聲明以利率上升時，比特幣已暴露於波動率。通常，它會導致危險資產（包括比特幣）的拋售。通過政府對通貨膨脹的適當控制，作為通貨膨脹對沖的加密貨幣的需求可能會更少。這是因為它減少了市場上高波動性的機會。另一方面，如果交易者和投資者對特朗普的思想做出積極反應並將其視為經濟的力量，則可能會導致更多的尋求風險行為。這可能更偏向於股票和其他傳統投資，而不是加密貨幣。

In addition, his policies regarding tariffs and trade might impact cryptocurrency acceptance in countries that rely on trade with America. While the policies, like tariffs, are created to bring manufacturing back to the United States, they also generate an underlying level of economic volatility. This could make Bitcoin and similar decentralized cryptocurrencies more appealing. Cryptocurrencies could also present themselves as an opportunity to protect oneself from changes in the global world of trading and finance.

此外，他關於關稅和貿易的政策可能會影響依賴與美國貿易的國家的加密貨幣接受。儘管制定了像關稅這樣的政策，以使製造業重返美國，但它們也產生了基本的經濟波動水平。這可能會使比特幣和類似的分散加密貨幣更具吸引力。加密貨幣也可能是保護自己免受貿易和金融世界變化的機會。