Hassett on Interest Rate Cuts: Can Powell and Trump's 'Plastic Friendship' Be Saved?

The Director of the National Economic Council at the White House, Hassett, recently revealed the 'unspeakable secret' between the Federal Reserve and the White House with a single sentence — 'Considering an interest rate cut is appropriate.' In plain language, this means: 'Hey, Powell, it's time to loosen up the monetary policy!' As for the latter part, 'Powell can never regain Trump's favor,' it completely tears off the last shred of shame from their 'plastic brotherhood.'

Federal Reserve Chairman Powell is probably hiding in his office counting his hair — after all, Trump's Twitter tirades are much harsher than interest rate hikes. This guy, who prides himself as the 'rate manipulator,' now resembles a hapless son-in-law caught between his mother-in-law and his wife: on one side is the economic data acting as the 'iron-faced judge,' and on the other side is the President's policy demands that spin like 'the magic of love.'

Interestingly, the Federal Reserve, which claims to be 'independent,' is now jokingly referred to by the market as the 'Trump Economic Support Group.' Every interest rate decision feels like a scene from 'Infernal Affairs' — publicly saying 'we only look at the data,' while secretly counting the number of likes on the President's tweets. Hassett's 'divine stab' this time is nothing less than an open acknowledgment: the 'show of affection' between the White House and the Federal Reserve has turned into a 'breakup arena.'

However, it must be said that Trump's 'turning from support to criticism' of Powell is more dramatic than a soap opera. From the initial 'the genius I personally nominated' to now calling it 'the Federal Reserve has gone crazy,' the speed of this change is even faster than Bitcoin. No wonder some netizens jokingly said: 'What Powell probably regrets the most now is not getting Trump's Twitter password back in the day.'

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