The economist known as the "Crisis Prophet" warned Wall Street about Bitcoin and global markets! "Don't trust the FED too much!"

As the trade tariff war between the US and China escalates day by day, the tension between the two countries has caused sharp get dumped in Bitcoin and altcoins.

While the market is eagerly waiting for the FED to start cutting interest rates for Bitcoin and altcoins to rise again, Wall Street giants are calling for an emergency interest rate cut from the FED.

However, due to his accurate predictions regarding the 2008 global financial crisis, the famous economist Nouriel Roubini, known as “Dr. Doom”, has issued a new warning for Wall Street.

At the same time, Roubini, a professor at New York University and a leading Bitcoin skeptic, warned investors not to rely on the FED to quickly resolve the financial market instability triggered by Trump’s tariffs.

Speaking to Bloomberg, Roubini stated that investors need to reduce their expectations of the FED being a savior and warned that investors waiting for a quick intervention from the FED could be disappointed.

The FED will wait for Trump’s first move!

The famous economist stated that FED Chairman Jerome Powell would intervene to stabilize the market, but he would do so after Trump takes the first step and softens his rhetoric.

Roubini also added that after the policy wars regarding tariffs have decreased, the FED will keep rates stable for the remainder of the year and expects the US economy to avoid a recession.

While explaining that investors waiting for the Fed’s rapid intervention may be disappointed, he stated that we should not rely on the Fed to resolve the financial market instability caused by Trump’s international trade tariffs. He added that it is likely Powell will wait until Trump softens his actions and then intervene to balance market volatility.