The Fed's interest-rate pressure is increasing. Trump doesn't necessarily point the gun at Walsh

On 30 July, a foreign media analysis stated that United States President Trump was pressuring the new Federal Reserve Chairman, Walsh, to reduce interest rates as soon as possible, but that Wall Street investors were increasingly betting on the opposite. The recent escalation in Iran’s war, a new round of global tariff landings, the continuation of investment in data centres, and strong US consumption have combined to heighten market and Federal Reserve concerns about inflationary pressures, as well as to reinforce policy expectations to maintain austerity and even further increase interest rates. The market generally expected the Fed to maintain interest rates at the Wednesday meeting. However, the future of Walsh, who took over as President at the end of May, will continue to hold back the squeezings within the Commission, increasingly depending on the continued improvement in inflation. Current polls show that the American population is not satisfied with the economic performance of Trump, and that higher interest rates will undoubtedly further undermine the economic performance that the White House wants to see. Trump had previously called for a reduction in interest rates, and that position had been reiterated this week. However, even if the Fed ultimately chose to increase interest rates, Trump’s initial target would not necessarily be Walsh, but more likely other Fed officials. Trump has now appointed three members of the seven-member Federal Reserve Council. “Kev is very good, but he has a committee, whose members are all politicized. He wants to do the right thing, and I know what he wants to do, but he needs the consent of someone who might have an ulterior motive. Interest rates should decline.”