According to The Kobeissi Letter, President Trump publicly criticized Federal Reserve Chair Jerome Powell for refusing to cut interest rates, labeling Powell as 'not fair to America.' This stance signals potential political pressure on the Fed and could lead to increased market volatility. For crypto traders, persistent high interest rates may continue to suppress risk appetite, limiting upward momentum for Bitcoin and altcoins in the near term as investors favor yield-bearing assets. Source: The Kobeissi Letter on Twitter, May 13, 2025.