The Fed's Powell Has a Clear Message Regarding the September Decision Despite Trump's Warning

Jerome Powell, the Chairman of the Federal Reserve, said on July 30 that the central bank had not made any decisions regarding interest rates in September as they do not do so beforehand. The Fed will consider all information when making a decision at the FOMC meeting in September.
However, President Donald Trump told reporters: "I heard they will do it in September, not today." The Fed actually kept interest rates unchanged at 4.25%-4.50% and did not give any indication that it would lower rates in September.
The cryptocurrency market reacted extremely strongly to the latest developments as most leading cryptocurrencies fell 1%-4% within an hour after the Fed's decision.
Bitcoin fell 1.66% to $115,900.36, Ethereum dropped 3.27% to $3,688, and XRP decreased by 3.40% to $3.02. BNB also fell 2.31% to $773.54, SOL dropped 3.36% to $173.39, and Dogecoin decreased by 4.17% to $0.2127.
Powell stated that inflation is slightly above target and the maximum employment level is meeting the target, which requires a "moderately restrictive" policy stance at this time.
While Trump has repeatedly criticized Powell for not cutting interest rates, Powell has not backed down from criticizing Trump's tariff policy for potentially leading to price increases.
The cryptocurrency market also did not escape the shocks caused by escalating tariffs. However, the market has developed relatively solidly in the face of macroeconomic pressures.
The Fed's Powell has a clear message regarding the September decision despite Trump's warning that first appeared on TheStreet on July 30, 2025.