U.S. President Trump has pressured Federal Reserve Chairman Powell through public channels for two consecutive days, demanding immediate interest rate cuts. This president, who focuses on economic issues, reiterated at a White House press conference: "The Federal Reserve must act quickly to unleash economic vitality through interest rate cuts." This marks the second time in forty-eight hours that Trump has made a strongly worded statement on monetary policy.
According to sources close to the Federal Reserve, Powell's team has remained silent amid the president's intense pressure, but internal meetings have clearly reaffirmed the central bank's position: monetary policy decisions will be strictly based on economic data, rather than political demands. This insistence on independence stands in stark contrast to the White House's desire for "policy coordination."
Behind Trump's tough statements is the political pressure brought about by slowing economic growth. The latest polls show that economic issues have become a key variable in his approval ratings. Through social media and public speeches, the president continuously links the topic of interest rate cuts with "saving the middle class," attempting to build public opinion pressure.
This rare public game between the president and the central bank governor has drawn significant attention from Wall Street. Analysts warn that if the Federal Reserve changes its policy path under pressure, it could shake the market's trust in the independence of the central bank. Powell's response strategy is becoming an important barometer for testing the resilience of the American system.