$BIFI
Trump's bold statement: Can the unemployment rate be brought to 'zero in an instant', and will the crypto market welcome favorable policies?
"We can bring the unemployment rate down to zero in minutes!" U.S. President Trump’s recent shocking remarks have sparked global discussions. At a press conference on the pricing of most favored nation pharmaceuticals, he bluntly stated that the current 4.6% unemployment rate, a four-year high, is due to the federal government’s large-scale job cuts, claiming that merely hiring unnecessary government employees would bring the unemployment rate down to 1% or even close to zero.
Trump emphasized that there are “millions of redundant positions that are never filled” in the federal government. Although the layoffs implemented by the efficiency department led to a reduction of 5,000 government jobs in November, the private sector added 69,000 jobs, supporting a non-farm employment growth of 64,000 that month. He firmly stated that “100% of the new jobs come from the private sector” and bet that fields such as AI and new construction will further boost employment.
However, the reality hides concerns: economists warn that employment trends highlight an economic slowdown, with AI accelerating the replacement of workers leading to a surge in layoffs. Notably, Trump has always had a positive attitude towards the crypto industry. His administration not only promoted the relaxation of crypto regulations and plans to establish a Bitcoin strategic reserve, but also saw the family-associated stablecoin USD1 achieve significant growth. If his employment policies are coupled with previously advocated larger interest rate cuts, it could release massive liquidity.
On one hand, there is the radical statement of a "zero unemployment rate", and on the other, the real dilemma of the labor market. Trump's adjustments to economic policies have always had a profound impact on the direction of risk assets. Do you think this employment claim will foster a more accommodative monetary environment? Can the crypto market continue its upward trend by riding the wave of favorable policies?