Last night at 8:00 PM, former U.S. President Trump released multiple policy signals on CNBC (Squawk Box), covering topics from Federal Reserve personnel changes to new tariff policies, spanning economics and diplomacy, attracting close market attention. The core content is summarized as follows:
1. Federal Reserve Personnel Turmoil: Implying a change of chair, naming and praising four candidates.
Trump again criticized Federal Reserve Chairman Powell for 'delaying interest rate cuts', stating that 'the Federal Reserve Chairman is political', and revealed progress on the list of candidates for Federal Reserve Chairman: 'Waller is good, Hassett is very nice, and there are two other candidates who may soon announce the new Fed Chair. I like Bowers, but he wants to stay at the Treasury.'
He also mentioned that he might take advantage of the vacancy left by the resignation of Fed Governor Quarles to preemptively select a future long-term chair candidate — which is interpreted as a signal that if he returns to the White House, he would accelerate replacing Powell.
2. Economic Data and Banking: Accusations of 'politicized data', blasting banks for 'discriminating against conservatives'.
Trump called labor statistics 'very politicized', reiterating allegations that 'data is manipulated', questioning the authenticity of current economic indicators.
Criticizing discriminatory practices in the banking industry, naming 'Bank of America and JPMorgan Chase have discriminated against me', believing that conservative groups are treated unfairly in the financial sector.
3. Tariff Hammer Upgraded Again: Next week targeting pharmaceuticals and chips, imposing tariffs on India within 24 hours.
India: Directly pointing out 'India has the highest tariffs', announcing that it will 'significantly increase tariffs on India within the next 24 hours';
EU and Pharmaceuticals, Chips: Clearly stating 'announce pharmaceutical tariffs (initial amount small, ultimately reaching 250%) and chip tariffs within the next week', while also releasing semiconductor and chip policies; if the EU fails to fulfill trade agreement obligations, it will impose a 35% tariff on them;
Expressing support for the recent trade agreements with Japan and the EU, but emphasizing a tough stance that 'taxes will increase if agreements are not honored'.
4. Diplomacy and Elections: Energy prices are tied to the Russia-Ukraine conflict, implying a non-candidacy but naming a 'successor'.
Proposing that 'if energy prices drop, Putin will stop the war', directly linking the energy market to the Russia-Ukraine conflict;
When discussing the campaign, he stated 'I want to run again, but I might not do so', while pointing out that current Vice President Vance is 'most likely' to become his 'Make America Great Again' (MAGA) movement's successor.
Trump's remarks continue his 'tough style': targeting the credibility of Federal Reserve personnel and economic data domestically, while externally applying pressure on trade partners through tariffs; multiple policy uncertainties may exacerbate market volatility, particularly for U.S. stocks, cryptocurrencies, and the international trade sector.
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