Trump's Endorsement Shakes Financial Markets
On Friday, former U.S. President Donald Trump signaled strong support for Kevin Hassett to return to a senior role in the National Economic Council (NEC). He praised Hassett’s media presence, stating, ‘He communicates complex ideas clearly—something we need now more than ever.’
Why Communication Trumps Silence
Trump contrasted Hassett’s outspoken nature with the typically reserved tone of Federal Reserve officials. ‘They rarely speak up, but we need voices that can explain policy to the public,’ he noted. This emphasis highlights a strategic focus on narrative control and public perception in economic leadership.
- DXY index jumped over 20 points post-comments
- Spot gold dropped sharply to $4,550 per ounce
- Silver followed suit, falling to $87.5 an ounce
Though Hassett is not under consideration for the Fed, his potential return to a key advisory position could reshape how economic messaging is crafted in the coming months. Investors are watching closely for further clues on policy direction.