"The Subtle Message from the White House"



Trump's recent "guidance" to the Federal Reserve is surprisingly quiet. In the past, he couldn't wait to call the chairman's office to yell; this time, he just casually waved from the balcony of Mar-a-Lago.

Regarding "No Intervention and No Blame"
When reporters in Palm Beach asked about the Fed not changing interest rates, Trump mumbled while sucking on a Coke straw, "That's their job, I'm busy."
Hearing this from someone who once called Powell a "timid bookworm" is almost like he's a different person. Remember, when he pounded the table demanding a rate cut, he nearly tore off his economic advisor's tie. Now his attitude has shifted sharply; the outside world guesses a note was passed by the Commerce Secretary—saying, "If the unemployment rate drops another 0.1%, inflation will have to eat people."
He then found a way to justify himself: "The smart ones over there are sitting there; I have to leave some room for the clever people."
Moreover, the Ukraine-Russia negotiators nearby just leaked that if the fight continues for three more months, the Treasury will have to settle debts with government bonds. In such times, anyone sitting in that position would be sweating bullets.

Regarding "The Worst-Case Scenario"
When asked whether inflation rebounds and forces a rate hike, Trump squinted and hummed, "Nothing is impossible under the sun. But if you twist that thing, half the businesses will have to close, and factories will be billowing white smoke. Just thinking about it is absurd—more absurd than #预测世界杯加拿大VS卡塔尔 losing a golf game."
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