“Fed Whisperer”: Trump Sets the Tone, Ushering in a New Era of Fed “Forward Guidance”

Odaily Planet Daily News “Fed Whisperer” Nick Timiraos posted on Platform X: Trump stated that he believes Fed Chair Powell is leaning dovish within the Federal Open Market Committee (FOMC). This followed similar remarks the previous day by White House National Economic Council Director Hassett; a week earlier, U.S. Treasury Secretary Bessent expressed hope that the Fed would maintain an "open attitude" toward inflation and anticipated the Fed would ease policy this year. A new “forward guidance” era...