By Anushka Vats,News18
Copyright news18
A 12-foot golden statue of US President Donald Trump was installed outside the US Capitol. The statue depicting Trump holding a Bitcoin coincided with the Federal Reserve’s decision on Wednesday to cut its key interest rate by a quarter point, with projections of two more reductions this year amid growing concerns over the nation’s labour market.
According to some reports, “Organisers said the piece is intended to provoke debate about the future of digital currency, monetary policy, and the federal government’s role in financial markets.”
Social Media Reaction
Netizens were quick to react to the statue. Several took to their social media handles to praise the president’s pro-cryptocurrency stance.
🤯 ¿Ya vieron la nueva estatua de Trump?
? Sostiene 1 BTC
✨ Está hecha de oro
? Mide 12 pies de altura
?️ Está frente al capitolio
¿El mensaje es claro no? 🧑?? pic.twitter.com/cjktPfuFpZ
— tododecripto.eth (@tododecripto) September 17, 2025
Federal Reserve Cuts Key Rate By Quarter-point
On Wednesday, the Federal Reserve cut its key interest rate by a quarter-point. It has decreased its short-term rate to about 4.1 per cent, down from 4.3 per cent.
The US Federal Reserve under Chair Jerome Powell did not raise or lower interest rates for a period of time earlier in the year to keep a check on the impact of tariffs (taxes on imports), stricter immigration rules, and other measures that would affect inflation (prices rising) and the overall economy.
