Federal Rezerv (FED) yetkilileri Trump'a "faiz indirimleri çok hızlı" diyerek tepki gösterdi: İşsizlik oranı yüksek, ekonomik durgunluk değil, para bağımsızlığı geri kazanılmalı.
Chicago Federal Reserve Chairman Austan Goolsbee, in an exclusive interview, sharply criticized U.S. President Trump, arguing that economic data should not be interpreted as a recession despite its moderate nature, and emphasized that monetary independence should return to professionalism. (Background: Trump's control over the Federal Reserve becomes reality! Assassin Milan votes to cut five basis points 'interest rates far lower than other committee members' dragging down the dot plot average) (Additional context: Arthur Hayes: Trump and Basent are about to take control of the Fed, ushering in a new 'printing era' for the U.S. with BTC looking at $3.4 million) The tug-of-war between Wall Street and Washington has pushed the U.S. Federal Reserve to the center of the storm. After last week's decision-making meeting, the Federal Reserve lowered the benchmark interest rate by 25 basis points to a range of 4%–4.25%, marking the first rate cut in 2025, which is equivalent to a shockwave for the global capital markets. The official statement emphasized support for slowing employment, but the result sparked more intense internal debates and led the outside world to reassess the Federal Reserve's defenses against political interference. Employment cooling forces first cut; inflation still pressing overhead. According to the latest data from the Labor Department, non-farm employment in August only increased by 22,000 people, and the unemployment rate rose to 4.3%, reaching a four-year high. Last year's monthly average new job additions were 168,000, but now only 27,000 remain, indicating a significant cooling in labor demand. Chairman Powell stated in a press conference that the new tariffs imposed by the Trump administration leading to higher prices are a 'one-time shock', suggesting that current inflationary pressures are manageable, thus allowing for a moderate rate cut. However, U.S. inflation indicators have exceeded the 2% target for four and a half consecutive years, and the risks pressing on decision-makers have not dissipated. Goolsbee: Don’t let the inflation beast out of the cage. Chicago Federal Reserve Chairman Austan Goolsbee clearly stated in an interview with the Financial Times that he does not support 'overly aggressive rate cuts', although summer hiring has significantly slowed down. He cited statistics from the Chicago Fed indicating that employment is only moderately cooling, and both the unemployment rate and labor turnover remain resilient. Goolsbee warned that if monetary easing is rash, the 'ghost of inflation' may again haunt us. He directly pointed out that Trump's trade policies have a stagnation-inflation tendency, which is his main reason for resisting more aggressive rate cuts. 'Monetary policy independence is crucial in preventing inflation from returning.' The White House is in full swing; independence is flashing a red light. Political pressure is not just verbal. Trump has not only publicly criticized Powell as an 'idiot', but has also hinted at replacing Federal Reserve Board member Lisa Cook, claiming he will hold 'a majority seat' on the board. The market has begun to doubt whether he could further influence regional Federal Reserve chairs, dragging down trust in the forward guidance on monetary policy. Although Goolsbee downplays personnel tensions, he remains highly vigilant against external interference. Trump's increase in application fees for high-skilled immigrants like H-1B also makes him worry about damage to innovation and productivity, ultimately backfiring potential growth. The market bets on two rate cuts; the dispute over the path is not yet over. Swap contracts show that investors generally expect two more rate cuts this year, each by 25 basis points. In the Federal Reserve's latest economic forecasts, a slight majority of officials lean towards the same pace, but their positions remain inconsistent. Board member Michelle Bowman stands on the dovish side, believing that the labor market could enter a 'danger zone' and requires more easing; Goolsbee and some hawkish officials advocate for patience and observation. As internal divisions and external pressures intertwine, the Federal Reserve's delicate line between rate cuts and anti-inflation becomes increasingly thin. In the coming months, any employment report or inflation data could rewrite the bets. What is truly worth observing is not only the direction of interest rates but whether the Federal Reserve can maintain decision-making independence amid the political whirlpool. For the global market, if this defensive line is breached, the pricing logic and risk premium of dollar assets will be reshuffled. Related reports: Federal Reserve's Powell will deliver a speech on 'Economic Outlook and Framework Review' tonight. After the September rate cut, what will the Fed's next steps be? Powell's statement that 'tariffs are not the main cause of inflation' emphasizes that politics does not influence the Federal Reserve's voice: further rate cuts may be on the horizon. Are Americans happy? Trump raised the H-1B visa fee 'büyük pompa - 100,000 dolara', community analysis: India will become another Silicon Valley. (Federal Reserve officials criticize Trump for 'cutting rates too quickly': High unemployment is not an economic recession, monetary independence must return) This article was first published in BlockTempo, the most influential blockchain news media.
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Federal Rezerv (FED) yetkilileri Trump'a "faiz indirimleri çok hızlı" diyerek tepki gösterdi: İşsizlik oranı yüksek, ekonomik durgunluk değil, para bağımsızlığı geri kazanılmalı.
Chicago Federal Reserve Chairman Austan Goolsbee, in an exclusive interview, sharply criticized U.S. President Trump, arguing that economic data should not be interpreted as a recession despite its moderate nature, and emphasized that monetary independence should return to professionalism. (Background: Trump's control over the Federal Reserve becomes reality! Assassin Milan votes to cut five basis points 'interest rates far lower than other committee members' dragging down the dot plot average) (Additional context: Arthur Hayes: Trump and Basent are about to take control of the Fed, ushering in a new 'printing era' for the U.S. with BTC looking at $3.4 million) The tug-of-war between Wall Street and Washington has pushed the U.S. Federal Reserve to the center of the storm. After last week's decision-making meeting, the Federal Reserve lowered the benchmark interest rate by 25 basis points to a range of 4%–4.25%, marking the first rate cut in 2025, which is equivalent to a shockwave for the global capital markets. The official statement emphasized support for slowing employment, but the result sparked more intense internal debates and led the outside world to reassess the Federal Reserve's defenses against political interference. Employment cooling forces first cut; inflation still pressing overhead. According to the latest data from the Labor Department, non-farm employment in August only increased by 22,000 people, and the unemployment rate rose to 4.3%, reaching a four-year high. Last year's monthly average new job additions were 168,000, but now only 27,000 remain, indicating a significant cooling in labor demand. Chairman Powell stated in a press conference that the new tariffs imposed by the Trump administration leading to higher prices are a 'one-time shock', suggesting that current inflationary pressures are manageable, thus allowing for a moderate rate cut. However, U.S. inflation indicators have exceeded the 2% target for four and a half consecutive years, and the risks pressing on decision-makers have not dissipated. Goolsbee: Don’t let the inflation beast out of the cage. Chicago Federal Reserve Chairman Austan Goolsbee clearly stated in an interview with the Financial Times that he does not support 'overly aggressive rate cuts', although summer hiring has significantly slowed down. He cited statistics from the Chicago Fed indicating that employment is only moderately cooling, and both the unemployment rate and labor turnover remain resilient. Goolsbee warned that if monetary easing is rash, the 'ghost of inflation' may again haunt us. He directly pointed out that Trump's trade policies have a stagnation-inflation tendency, which is his main reason for resisting more aggressive rate cuts. 'Monetary policy independence is crucial in preventing inflation from returning.' The White House is in full swing; independence is flashing a red light. Political pressure is not just verbal. Trump has not only publicly criticized Powell as an 'idiot', but has also hinted at replacing Federal Reserve Board member Lisa Cook, claiming he will hold 'a majority seat' on the board. The market has begun to doubt whether he could further influence regional Federal Reserve chairs, dragging down trust in the forward guidance on monetary policy. Although Goolsbee downplays personnel tensions, he remains highly vigilant against external interference. Trump's increase in application fees for high-skilled immigrants like H-1B also makes him worry about damage to innovation and productivity, ultimately backfiring potential growth. The market bets on two rate cuts; the dispute over the path is not yet over. Swap contracts show that investors generally expect two more rate cuts this year, each by 25 basis points. In the Federal Reserve's latest economic forecasts, a slight majority of officials lean towards the same pace, but their positions remain inconsistent. Board member Michelle Bowman stands on the dovish side, believing that the labor market could enter a 'danger zone' and requires more easing; Goolsbee and some hawkish officials advocate for patience and observation. As internal divisions and external pressures intertwine, the Federal Reserve's delicate line between rate cuts and anti-inflation becomes increasingly thin. In the coming months, any employment report or inflation data could rewrite the bets. What is truly worth observing is not only the direction of interest rates but whether the Federal Reserve can maintain decision-making independence amid the political whirlpool. For the global market, if this defensive line is breached, the pricing logic and risk premium of dollar assets will be reshuffled. Related reports: Federal Reserve's Powell will deliver a speech on 'Economic Outlook and Framework Review' tonight. After the September rate cut, what will the Fed's next steps be? Powell's statement that 'tariffs are not the main cause of inflation' emphasizes that politics does not influence the Federal Reserve's voice: further rate cuts may be on the horizon. Are Americans happy? Trump raised the H-1B visa fee 'büyük pompa - 100,000 dolara', community analysis: India will become another Silicon Valley. (Federal Reserve officials criticize Trump for 'cutting rates too quickly': High unemployment is not an economic recession, monetary independence must return) This article was first published in BlockTempo, the most influential blockchain news media.