「Fed's Whispering Gallery」: U.S. Economy May Face a Hard Landing

BlockBeats News, March 11th, "Fed Whisperer" Nick Timiraos published an article in the Wall Street Journal stating that over the past year, U.S. economic policymakers have been focused on achieving the so-called "soft landing," meaning lowering inflation without causing an economic recession. Now, a "new set of pilots" is considering adjusting course, and they themselves acknowledge that this could lead the economy to a hard landing.

In recent days, U.S. President Trump and his senior advisors have shown indifference to the rising risk of private-sector investment being hindered by trade uncertainty. They believe that a "detox" may be needed in spending and hiring, that a decrease in stock values is not concerning, and that inflation may rise in the short term.

Some analysts warn that Trump's remarks may reflect a strategic effort to improve the country's bargaining position with trading partners, leaving bond investors and the Fed stunned, thus maintaining a bias towards rate cuts. Trump's impulsive actions have already prompted European authorities to take measures to increase economic stimulus and defense spending.

Analysts say that the situation of the past two weeks indicates that Trump is unlikely to change course due to a market downturn, which will help reset Wall Street's expectations. Andy Laperriere, head of U.S. policy research at Piper Sandler, said, "Everything he's doing is telling us he's not joking. On the tariff issue, he believes this from the bottom of his heart."