After being ignored by the Federal Reserve, Trump "bombarded" Powell again

Original: Gold Ten Data

Despite a few days ago, the new US President Trump put pressure on policy makers and demanded immediately to reduce interest rates. However, the Federal Reserve still decided to maintain interest rates this week, and Fed Chairman Powell made it clear that he would not rush to adjust interest rates.

Just after Powell's press conference, Trump criticized the Fed again. He wrote on Truth Social,

"Because Powell and the Federal Reserve failed to stop their inflation problems, I will do this by releaseing US energy production, cutting supervision, re -balanced international trade and reviving the US manufacturing industry."

"If the Federal Reserve is in DEI (diversification, fairness, and inclusiveness), gender ideology, 'green' energy and false climate change, the time is reduced, and inflation will never be a problem."

He did not comment on interest rates directly or on Wednesday. Trump has expressed his habit of publicly expressed his views on monetary policy since the first term. In order to maintain the independence of the Federal Reserve's non -political influence, the president of the United States has always avoided disclosure of his views on monetary policy.

In a statement after the meeting, officials reiterated that the inflation rate is still "a bit high", but it has deleted the statement that the inflation rate has achieved progress in reaching the target of 2%. Powell said this change is not to issue policy signals. The Federal Reserve policy makers have also updated their description of the labor market, using "strong" to replace the previous "slowing down".

Powell said at a press conference after the announcement that the recent inflation data seemed "good", but "we will not over -interpret two good or two bad (inflation) data."

Earlier on Wednesday, local time, before Trump's post, he told reporters that he would not comment on "President's Speech on Interests" . "The public should believe that we will work as always."

Powell said he had not had any direct contact with Trump. "A large number of studies have shown that (independence) is the best way to operate by the central bank," he added.

The Fed is now in the watch -looking model, and officials will wait for more inflation and employment data and the clarification of the influence of Trump's policy. The market 's interest rate cut for the Fed in 2025 is declining. According to CME's "Fed Observation", the Federal Reserve 's probability of maintaining interest rates in March was 82%.

Institutional interpretation

Georgecipolloni, the investment portistor manager of Penn Common Asset Management Company:

"The latest policy statement was originally interpreted as an eagle that was better than expected. They would wait for a period of time to see what would happen to inflation. This may not be the worst idea in the world because they did not want to be super -adjusted. I don't think they cut interest rates at 100 last year . A basis is a bit overwhelming.

"Therefore, the Fed's policy prospects are intertwined with inflation prospects. Now we must combine it with the new government and its new policies. Some of these policies seem a bit inflated, or at least possible. Therefore, the Federal Reserve is in It makes sense to stay patient in this regard.

Orion Chief Investment Strategy Rustyvanneman:

"The Federal Reserve has made the correct decision through the stability of interest rates. Inflation is still a problem, and the economy is maintaining stability. They are cautious. This is reasonable. Pay attention to any future. As always, we focus on long -term development. "

Michael Rosen, chief investment officer of Los Angeles Investment Corporation:

"The bond market was sold after the FOMC statement was released, because the statement did not mention that inflation is moving towards the target of 2%. Surprisingly, investors were surprised by this obvious fact. In the month, inflation has always been sticky, that is, it has not further dropped to 2%.

FLPUTNAM Investment Management Company chief market strategist Ellen Hazen:

"The market is completely correct. If you look at the Federal Fund Futures, they have almost no change. So I think the market is correctly realized that the impact of this meeting is neutral. The ease of the labor market has remained stable.

"When the Fed may have a dispute with the government, it is very tricky to turn to a low degree of dependence on data. It is not a change now. Although I do suggest that they are imply this, they cannot speak publicly."

Annex WealthManagement 's economic expert Brian Jacobsen:

"The Fed seems to think that the economy has fallen into the dilemma of low unemployment and high inflation. The statement can be interpreted as a mild eagle , indicating that a little fluctuation of interest rates may cause the economy to get rid of this balance.

AllSpringglobalInvestments Matthias Scheiber: Matthias Scheiber:

"We think that any window to cut interest rates may not open before May . We expect the Fed to cut interest rates twice this year."

"As the new government begins to implement its fiscal policy plan, we expect the Fed to be cautious in monitoring inflation. For 2025, the interest rate market is currently expected to reduce interest rates to about 4%by the end of the year. This is largely to a large extent. It depends on the impact of US fiscal policy on inflation.

"We continue to be optimistic about stocks , especially stocks with cheaper prices, and stocks that benefit from the central bank's interest rate cuts and currency depreciation in the international market. We expect the stock market will expand and believe that any further relaxation of loose monetary policy may be supported in the medium term. Stock prices.

Transunion US research and consulting director Micheleraneri:

"Following a series of economic indicators that are stronger than expected, the Fed has abandoned the decision to cut interest rates again today, but chose to stay temporarily. This is the first meeting that FOMC has not cut interest rate cuts since July 2024. How many times will be there in 2025? Although the interest rate cuts have yet to be observed. Although the concerns of inflation have been significantly alleviated, they still exist. Play in the middle.

Michael Brown, senior research strategist at PepperStone:

"To be honest, I am not sure (the Fed will no longer mention the" progress "of inflation" in the policy statement), although this may show that the policy maker hopes Inflation is progressing in the future, and the future of interest rate paths must be declined .

Lindsay Rosner, investment director of Goldman Sachs Asset Management Company:

"In the new year, the Federal Reserve has entered the" new stage "of the loose cycle. With the rise of data and policy uncertainty, strong economic growth and elastic employment data provide space for more patient practices. Although we still think that the loose cycle of the Federal Reserve has not ended, FOMC hopes to see further progress in inflation data to achieve the next interest rate cut, because they delete the progress of inflation.

Novapoint chief investment officer Joseph Sroka:

"The Fed maintains interest rates as scheduled. Its as early as December, it was clear that the pace of interest rate cuts in 2025 will slow. As the new government comes to power and its finance and other policies, the Fed is now in the 100 basis points at 100 basis points, and now it is now in it. For a favorable location, it can cope with the complex data changes caused by the first three or four months of the new government. "

Lishamman Consulting Company HarrisfinanCialGroup executive partner Jamiecox:

“ 美联储刚刚告诉我们3月不会降息，所以所有人的目光都集中在5月 。删除通胀进展的表述导致一些市场参与者得出结论，美联储正在将其利率偏好从较低转向较高—— I disagree with this view. I believe that the Fed deleted this word to allow the market to stop paying attention to inflation trajectory, but to focus on economic growth and unemployment. Both aspects are in a very favorable position. "

Janney Montgomery Scott chief investment strategist Mark Luschini:

"The fact that interest rates remain unchanged are not surprising. However, the wording of deleting the progress of inflation implies that the Fed 's recognition of the inflation rate is still higher than the Fed's goal, and it may be stabilized above the target interest rate ."

Janney Montgomery Scott chief fixed income strategist Guy Lebas:

"After cumulative interest rate cuts of 100 basis points, the Fed has slowed down the pace of interest rate cuts. Although the direction of travel is still towards interest rate cuts, the speed of the journey has slowed down. In the fourth quarter, the continued strong economic growth and some slightly high inflation data are the cousin. At present, the slower interest rate reduction means that the FOMC meeting in January "skipped" interest rate cuts, and then as the inflation data in the first quarter was close to 2%, the interest rates may be reduced again in March. Short -term data, but in our opinion, interest rate cuts in March are the most likely results . "