Tariffs hit the economy, Europe cut interest rates seven times, and Trump once again bombarded Powell's wait-and-see decision

Tariff uncertainty continued to spread, and the three major indexes of US stocks rose and fell at (4/17) yesterday. With global trade tensions threatening the region's economic recovery, the ECB cut interest rates for the seventh time since last June, raising rates to a two-year low of 2.25%. Bitcoin remains firm at 84K, ETH hovers below 1,600, and the top 10 market capitalization cryptocurrencies all show a narrow oscillation.

The ECB cut interest rates by one yard, and Trump once again slammed Powell

With global trade tensions threatening the region's economic recovery, the ECB cut interest rates for the seventh time since last June, raising rates to a two-year low of 2.25%.

( ECB cut interest rates to 2.25%, warning that trade tensions were weighing on the economic outlook )

Compared with the uncertainty of tariffs faced by the US Federal Reserve, the decision to take a wait-and-see attitude for the time being has once again aroused President Trump's dissatisfaction.

Trump slammed the Fed chairman on social media for arguing that the central bank should lower interest rates this year, and told reporters that he could force Powell out of office if he wanted to.

Powell's term as Fed President will last until May 2026, while his term as Fed Governor will last until February 2028. The day before Trump's remarks, Powell spoke in Chicago, reiterating that the Fed is not in a hurry to cut interest rates, but is waiting for more clarity on the economy.

Democratic Sen. Elizabeth Warren (Elizabeth Warren) said in an interview Thursday that the president, like everyone else, has free speech, but he does not have the authority to fire Powell. If he tries to do so, the market will collapse.

Even authoritarian countries will try to establish a central bank independent of the president in order to attract capital.

US data is mixed, with Bitcoin holding steady at 84K

Thursday's economic data was mixed. The number of initial jobless claims in the United States fell to 215,000, the lowest level in two months, indicating a stable labor market.

U.S. housing starts fell 11.4% year-on-year in March, totaling 1.324 million homes, a four-month low, indicating a sharp slowdown in U.S. residential construction activity amid the dual pressure of tariffs and inflation.

On April 18, due to Good Friday, U.S. stocks and U.S. bonds were closed for one day.

Bitcoin remained stable at 84K, Ether hovered below 1,600, and the top 10 market capitalization cryptocurrencies all showed a narrow oscillation.

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