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📉 "Shadow Chairman" Hassett makes a significant statement: The Federal Reserve should not 'spoil' the rate! What secrets are hidden behind?
He is referred to by the market as the "Shadow Chairman of the Federal Reserve", Kevin Hassett, director of the White House National Economic Council, once again throws out shocking remarks: The Federal Reserve should never preemptively reveal the interest rate path for the next six months, otherwise it is "irresponsible"!
"The chairman's duty is to closely monitor data, adjust at any time, and explain to the market why actions are taken," Hassett firmly stated in front of the CNBC camera, "To say 'I'm going to do this in the next six months'? That's absurd."
Before his words fell, the suspense had already risen: is he criticizing Powell, or paving the way for his own rise?
When asked how many more rate cuts are needed by 2026, he casually avoided the question: "I don’t want to disappoint everyone, but there’s only one answer—look at the data." Meanwhile, Trump is frequently pressuring for rates to be lowered below 2%, and the market is holding its breath for the interest rate decision this Wednesday.
But what is truly alarming is that Hassett publicly praised Powell: "He coordinated well, successfully pushing the committee to reach a consensus." Yet this seemingly mild compliment hides sharp edges—where does the consensus come from?
What’s even more intriguing is that he emphasized that although FOMC members have "divided opinions", they ultimately still "reach a consensus around expectations"—and this expectation is the futures market betting on a 100% rate cut of 25 basis points. Is it unity, or a guided illusion?
Hassett shifted his tone, throwing out a bigger ambition: AI investment is bringing about a "90s-style supply revolution", and the Federal Reserve can certainly make the economy "a bit hotter". He even asserted: "If the miracle of the 90s is repeated, there is still huge downward space for the 10-year US Treasury yield."
When asked about bond market volatility, he meaningfully remarked: "Uncertainty still exists, and the market is guessing—what exactly does the Federal Reserve want to do this time?"
A person about to take the helm of the world central bank is quietly rewriting the rules of the game in the name of "data".
The era of Powell is about to end, will Hassett's Federal Reserve be data-driven or power-driven?
This Wednesday, the rate cut will land, but the real storm may just be beginning… The rate cut is coming, Elon Musk can pay attention to this 🔥!


