The intervention started? Trump's chief economic adviser will meet with Powell regularly.

As the inflationary pressure in the United States continues, the relationship between the Trump administration and the Federal Reserve has once again become the focus.

On Sunday, local time, Kevin Hassett, director of the White House National Economic Council, revealed in an interview that he will meet with Federal Reserve Chairman Powell regularly to discuss the US economic situation and provide a channel for the President to convey his opinions. This practice has raised concerns about the independence of the Federal Reserve.

Hassett said that this practice is to restore the practice of Trump's first term and will not infringe on the independence of the Fed. He stressed:

Powell is an independent man, and the independence of the Federal Reserve is respected. The point is that the president's opinion should also be heard.

We will discuss our views on the current situation and listen to his opinions.

The relationship between the Trump administration and the Federal Reserve is in a delicate balance. Regular meetings provide communication channels for both sides, but under the pressure of inflation and policy differences, potential conflicts still exist.

With the CPI exceeding expectations in January, the differences between the Trump administration and the Federal Reserve may intensify. Nouriel Roubini, a famous economist, warned that even if the Fed only postponed the interest rate cut, it might have a "head-on conflict" with Trump.

Trump recently once again called on the Federal Reserve to cut interest rates, believing that this would be in line with its tariff policy. However, Powell reiterated at a congressional hearing last week that the Fed is in no hurry to cut interest rates and will maintain a restrictive policy stance.

Wall Street is skeptical about Trump's policy agenda. Roubini warned that the policies proposed by the Trump administration, including tariffs, may aggravate the current inflationary pressure. Mark Zandi, chief economist of Moody's analysis, also warned that consumers will "bear the burden".

David Kostin, chief US equity strategist at Goldman Sachs, said that tariffs are a key downside risk to the earnings growth of US stocks. It is predicted that every 5% increase in the US tariff rate will reduce the profit forecast of the S&P 500 index by about 1% to 2% in 2025.

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