If Trump really wants the Federal Reserve to cut interest rates, what should he do? Ruin employment!
Both Goldman Sachs and senior officials at the Federal Reserve point to the same key interest rate cut — the rapid rise in unemployment, rather than inflation, is the real signal that compels the Federal Reserve to take action.
Interest rate cut in June? The "mouthpiece" of the Federal Reserve urgently reminds: do not overthink the officials' speeches.
① Cleveland Fed President Harker ruled out the possibility of a Fed rate cut in May during his speech on Thursday, but hinted at a potential cut in June. ② However, the well-known Fed "mouthpiece" journalist Nick Timiraos, often referred to as the "new Fed press agency," believes that Harker's speech was not as dovish as some people imagined.
The "shadow Federal Reserve Chair" speaks out! Waller: The Federal Reserve made a "systemic error" by indulging in fiscal policy and exacerbating inflation.
As a former Federal Reserve governor and a candidate considered by Trump for the position of Secretary of the Treasury, Warsh is regarded as the "shadow chairman" of the Federal Reserve, and his remarks are particularly prominent in the current debate on USA's MMF policy.
New York foreign exchange market: The dollar rose due to month-end fund flows and signals of tariff easing.
The USD rose across the board against other G-10 currencies on Friday, as traders became increasingly optimistic about signs of a potential easing in trade tensions. The yen suffered the largest declines. The Bloomberg USD Index rose by 0.4% at one point; it increased by 0.1% this week, following three consecutive weeks of decline. USA President Donald Trump stated in an interview with Time magazine on Friday that a trade agreement is expected to be reached with partners seeking lower tariffs in the "next three to four weeks." Two traders based in Europe indicated that month-end fund flows also contributed to the USD rebound. The USD index is heading towards its worst performance in the first hundred days of a new USA president since data has been available since the Nixon era. USD/JPY.
Could the USA lower interest rates in June? The "New Federal Reserve News Agency": Some are over-interpreting this!
Nick Timiraos, a well-known financial journalist known as the 'New Federal Reserve Correspondent,' posted on the X platform stating that the comments made by Cleveland Fed President Harmack on Thursday drew widespread attention, as some market participants were eager to reach an overly optimistic conclusion that this indicated the Fed might be ready to cut interest rates as early as June. Timiraos noted that Harmack's main point is that the Fed will not hastily lower interest rates without obtaining clearer information about the economic outlook.
The USA's consumer confidence continued to deteriorate in April: tariffs may trigger an economic recession, and inflation expectations have surged significantly.
① The USA Consumer Confidence Index has fallen to one of its lowest levels on record, declining for the fourth consecutive month, marking the fourth lowest data since the end of the 1970s; ② Consumers expect their income growth to slow down over the next year. Economists warn that businesses will pass on tariffs and CSI Commodity Equity Index costs to consumers, who will face more financial pain.
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