GuShiio.com ① Since Trump came to power, the independence of the Federal Reserve and the direction of U.S. economic policies have attracted much attention;
② Trump’s chief economic adviser recently said that he will meet regularly with Federal Reserve Chairman Jay Powell to exchange views on the U.S. economy and provide a channel for the president to convey his views to the Federal Reserve.
Cailian News, February 17 (Editor Bian Chun)U.S. President Trump has always preferred low interest rates and has repeatedly expressed his ambition to influence U.S. monetary policy. Since Trump came to power, the independence of the Federal Reserve and the direction of U.S. economic policies have attracted much attention.
Trump’s chief economic adviser recently said that he will meet regularly with Federal Reserve Chairman Jay Powell to exchange views on the U.S. economy and provide a channel for the president to convey his views to the Federal Reserve.
White House National Economic Council Director Kevin Hassett said on a program on Sunday that he would have regular lunch with Powell and other Fed governors,”We will discuss our views on what is happening and listen to his opinions.”
Hassett also emphasized thatThis will not infringe on the independence of the Federal Reserve。
The independence of the Federal Reserve is a tradition that has a history of more than a century. U.S. law gives the Federal Reserve the power to independently implement monetary policy without political interference.
When asked whether his meeting with the Fed chairman would affect interest rates, Hassett said: “Jay is an independent person, the independence of the Fed is respected, and the key is that the president’s opinions can also be heard.”
He also added that long-term interest rates have fallen since the Trump administration took office, noting that the yield on the 10-year Treasury note has fallen 40 basis points, evidence that markets believe inflation is falling.
Since Trump returned to the White House, some other White House economic officials have also actively met with Powell. U.S. Treasury Secretary Scott Bessant said on February 6 that he had recently met with Powell. “Chairman Powell and I don’t know each other very well, so this meeting was very constructive.” Besent said in an interview.
Trump frequently criticized Powell during his first term, calling for lower interest rates, and repeatedly threatening to fire Powell.
Trump said during the campaign that he should “at least have a say in monetary policy” because he “made a lot of money.” He also criticized Powell for adjusting interest rates “sometimes too early, sometimes too late.” Trump’s remarks aroused criticism and concerns from many parties.
However, Trump later seemed to soften this stance in an interview with the media, saying that he should be able to freely share his views on interest rate policy, but this does not mean that he is giving orders.
In December last year, when asked on a program whether there were “plans” to remove Powell before his term ends in May 2026, Trump gave a negative answer.
Trump put pressure on the Federal Reserve again on Wednesday, posting on his own social media platform Real Social that the benchmark interest rate must be lowered. “Interest rates should be lowered to complement the upcoming tariff policy!!! Let’s rock and roll, America!!” He wrote.
