Juno markets:白宫高官炮轰美联储,利率决策已被党派政治“污染”

Core Viewpoint - Kevin Hassett, Director of the National Economic Council, criticized the Federal Reserve's interest rate decisions, suggesting that political considerations may have influenced their actions, raising concerns about the Fed's independence [1][3]. Federal Reserve Actions - Hassett pointed out seemingly contradictory actions by the Federal Reserve, including a 50 basis point rate cut before the presidential election and two additional 25 basis point cuts afterward, followed by a decision to maintain rates despite signs of labor market weakness [3][4]. - The Fed's explanation for maintaining stable rates this year was based on concerns over potential inflation due to tariff increases by the Trump administration, attempting to link decisions to economic fundamentals rather than political factors [3][4]. Political Influence Concerns - Despite the Fed's denials of political influence in decision-making, doubts persist, especially given the Trump administration's criticism of the Fed's monetary policy and the president's actions regarding economic data credibility [3][4]. - Hassett, a potential candidate to replace Jerome Powell as Fed Chair, defended the dismissal of the Labor Statistics Bureau head, arguing it was aimed at ensuring data accuracy, while also criticizing Powell for failing to prevent partisan divisions within the Fed [4]. Implications for Market and Society - The debate over whether the Fed's decisions are politically influenced adds uncertainty to the market, complicating investment strategies as investors must consider both economic data and political factors [5]. - The public is highly concerned about the Fed's interest rate decisions, as they directly impact daily life, including mortgage and loan repayments, and overall living costs [5]. - The ongoing discourse reflects a deeper societal contemplation regarding the relationship between the government and the central bank, highlighting the challenge of maintaining Fed independence while aligning its policies with national economic goals [5].