The U.S. Treasury Secretary supports Trump: "Tariff inflation" is just a one-time price adjustment, and the Federal Reserve should ignore it.
① The U.S. Treasury Secretary Scott Biven stated that the new tariffs imposed by President Trump will not lead to "inflation," although they will bring a "one-time adjustment." ② Biven believes that the one-time adjustment caused by the tariffs should not affect the Federal Reserve's thinking, and emphasized that the government will lower long-term borrowing costs through sound fiscal policy.
"Trump" tariffs bring uncertainty! Federal Reserve's Waller: Strongly opposes a rate cut in March.
① Federal Reserve Governor Waller stated on Thursday that he strongly opposes a rate cut at the upcoming policy meeting this month; ② he mentioned that it is currently not possible to determine whether it is reasonable to lower the federal funds rate, especially in light of the significant uncertainty caused by President Trump's trade agenda.
The bets on interest rate cuts by the Federal Reserve have reignited, and Governor Waller stated that there is a possibility for 2-3 cuts within the year.
Federal Reserve Governor Christopher Waller stated on Thursday that he would not support lowering interest rates in March, but believes there is still room for two or even three rate cuts this year.
As the US stock market declines, the size of MMF in the USA surpasses 7 trillion dollars.
The MMF attracted over 51 billion USD in inflow within a week, and if the USA's economy and trade policies further experience fluctuations, the scale of MMF is expected to continue to expand.
Fed's Bostic Says Clarity on Economy Unlikely Before Late Spring
Finance Executives Seek Stability Amid Erratic Tariff Shifts -- WSJ