美国总统唐纳德·特朗普（Donald Trump）最近对美联储主席杰罗姆·鲍威尔（Jerome Powell）做出了反应

这种反应引起了观察美联储举动的加密市场投资者的情绪。

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.

美国总统唐纳德·特朗普（Donald Trump）最近对美联储杰罗姆·鲍威尔（Jerome Powell）主席做出了反应。他指责他对美国的经济和利率负责。

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决定不改变利率之后，特朗普称美联储主席杰罗姆·鲍威尔（Jerome Powell）是傻瓜。他还批评了他，说通货膨胀率几乎不存在，敦促将更多的关税带入该国。

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

这种反应引起了观察美联储举动的加密市场投资者的情绪。

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

特朗普对杰罗姆·鲍威尔和美联储的敏锐批评

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，唐纳德·特朗普（Donald Trump）任命杰罗姆·鲍威尔（Jerome Powell）领导美联储的新兴期望在他任命杰罗姆·鲍威尔（Jerome Powell）领导美联储之后，对他的真相社交帐户的愤怒并不慢。特朗普使用明确的语言，将鲍威尔命名为“傻瓜”，他未能理解美国的经济状况。

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.

根据特朗普的说法，美国没有经历任何通货膨胀。他说，石油，能源甚至杂货变得更便宜。这种成本降低使特朗普放心，这证明了通货膨胀威胁很充分的，否认了美联储进一步向上推动利率的理由。特朗普发表的后一种陈述表明，他没有分享鲍威尔对通货膨胀的关注。他认为，通货膨胀风险微不足道。

Trump’s Perspective on Tariffs and Economic Growth

特朗普对关税和经济增长的看法

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.

除了鲍威尔，特朗普还继续提出申请关税的好处。相反，他专注于进入美国的关税的收入。他说，这是根据计划进行的证据，他关于贸易的行为是合理的。

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.

根据特朗普的说法，关税，尤其是中国产品，正在为美国政府收取可观的收入。同时，它有利于美国的家庭行业。

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.

特朗普提供的论点表明，将关税视为收入来源的合理方式。这可以抵消更具侵略性的货币政策的成本。但是，批评者声称关税增加了消费者成本，尤其是在进口大多数必需品的行业中。

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，这并没有改变特朗普的言论是基于他对贸易和国际市场保护主义的思考。他不同意支持自由贸易和市场融合的常规经济原则。

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.

从加密货币的角度来看，特朗普关于贸易和通货膨胀的论述可能会影响数字资产的看法。由于将比特币和其他加密货币作为通货膨胀对冲投资，因此传统经济中的低通胀可能会降低某些人对前者的胃口。

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

加密市场和美联储决定对利率的影响

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.

对于加密市场投资者而言，这是关于利率及其对通货膨胀率，货币政策和数字货币的可能影响的永不停职讨论。再一次，比特币和其他加密货币通常被视为通货膨胀对冲。许多交易者关心财政政策以及美联储在利率上的稳定地位如何影响传统的货币体系和新兴加密货币世界。

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，当来自美联储的货币政策声明以利率上升时，比特币已暴露于波动率。通常，它会导致危险资产（包括比特币）的抛售。通过政府对通货膨胀的适当控制，作为通货膨胀对冲的加密货币的需求可能会更少。这是因为它减少了市场上高波动性的机会。另一方面，如果交易者和投资者对特朗普的思想做出积极反应并将其视为经济的力量，则可能会导致更多的寻求风险行为。这可能更偏向于股票和其他传统投资，而不是加密货币。

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，他关于关税和贸易的政策可能会影响依赖与美国贸易的国家的加密货币接受。尽管制定了像关税这样的政策，以使制造业重返美国，但它们也产生了基本的经济波动水平。这可能会使比特币和类似的分散加密货币更具吸引力。加密货币也可能是保护自己免受贸易和金融世界变化的机会。