Trump believes inflation will solve itself

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Donald Trump

U.S. President Trump: Inflation will resolve itself

White House economic advisor Kevin Hassett stated that Trump's view on the low level of inflation in the United States is correct, although most economists and Federal Reserve officials disagree. Hassett believes that measured by a three-month moving average, the U.S. inflation rate is about 1.6%, below the Federal Reserve's target of 2%. Trump's and Hassett's views are not widely accepted, but they advocate for interest rate cuts. Hassett may become a strong candidate for the next Federal Reserve chairman

Trump's view on inflation is the correct one; everyone else is wrong

The Financial Times reported that U.S. President Trump will kick off the final round of interviews for the next Federal Reserve Chair this week. Trump stated that support for an immediate interest rate cut is a key condition for the next Federal Reserve Chair. In an exclusive interview with the U.S. political news site Politico, President Trump said he would use support for an immediate significant interest rate cut as a litmus test for selecting the next Federal Reserve Chair, adding that current Federal Reserve Chair Jerome Powell should also cut rates immediately. 

White House economic advisor Kevin Hassett, seen as a leading candidate for the next Federal Reserve Chair, stated at a summit that there is still ample room for further rate cuts in the coming months, agreeing that the rate cut at this week's Federal Reserve meeting could exceed a quarter point. He also mentioned that if he becomes the next Federal Reserve Chair, he would rely on his own judgment and would not yield to political pressure on the issue of rate cuts, stating that if U.S. inflation rises from 2.5% to 4%, a rate cut cannot be made, emphasizing that the most important duty of the Federal Reserve Chair is to focus on economic data and avoid getting involved in politics.

The latest data shows that U.S. job vacancies increased by 12,000 in October, reaching 7.67 million, the highest level in five months. During this period, layoffs increased by 73,000, while hiring decreased by 218,000, and the number of resignations recorded the largest decline in nearly two and a half years, decreasing by 187,000. Although job vacancies in the U.S. increased in October, the decrease in hiring and resignations indicates that the U.S. labor market continues to slow down.

The Federal Reserve will hold a two-day meeting on interest rates starting Tuesday U.S. time, with the results to be announced at 3 a.m. Hong Kong time on Thursday. According to the latest survey by CNBC, 87% of the fund managers, analysts, and economists surveyed expect the Federal Reserve to cut rates by a quarter point for the third consecutive time at this meeting, but only 35% expect the Federal Reserve to cut rates again at the January meeting next year; in the money market, traders currently expect the Federal Reserve to cut rates only two more times next year

Trump: Supporting an immediate interest rate cut is a key condition for the next Federal Reserve Chair (Reported by Zeng Huiqi)

以美国总统身份出现，而非八卦新闻

Trump believes inflation will solve itself

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