📰 Trump has been criticizing the Federal Reserve for keeping interest rates too high. But he didn’t expect that, after the Fed raised rates this week, he would say that in the days before the decision was announced, he had already spoken with Fed Chair Walsh and endorsed the move.

🔥 Even some of Trump’s advisors were surprised by this call. At least on the surface, there is a temporary ceasefire between the White House and the Federal Reserve, and Walsh has also eased the earlier tense relationship in which the Fed was treated as an “opponent.”

👀 How long this harmony can last may not hinge on this rate hike, but on the next one. A government official familiar with the matter said that if the Fed raises rates again in October—on the eve of the midterm elections—Walsh could face closer scrutiny from Trump and his advisors.

To be honest, the most delicate part is right here: when Trump says he approves now, that doesn’t necessarily mean he will continue to support it later. Especially when the interest-rate decision collides with the White House’s political timeline, investors will likely keep guessing whether Walsh is leading the Fed—or being pushed along by the Fed’s own decisions.

🤔 If there really is another rate hike in October, do you think Trump will maintain this round of “truce”?

#美联储 #特朗普 #货币政策 #rate hike