Recently, the financial markets were greeted with a striking piece of news: Trump once again called on Fed Chairman Powell to significantly cut interest rates. This move not only highlights the current economic predicament in the United States but also reflects the complex political maneuvering, the effects of which may ripple through the global financial landscape.

Trump's actions have their deeper reasons. From an economic perspective, recent economic indicators in the U.S. are not very ideal. The labor market shows signs of weakness, with the unemployment rate rising to 4.3% in August, reaching a nearly four-year high. At the same time, the number of new job openings falls far short of expectations, and companies' recruitment attitudes are becoming more conservative. The inflation level continues to be sluggish, lacking obvious upward momentum, highlighting the pressure faced by U.S. economic growth, which urgently needs policy stimulus to revitalize.

From a political perspective, Trump's considerations are more complex. The tariff policy he implemented, while providing some protection for domestic industries in the U.S., has also triggered a series of negative effects, particularly raising inflation expectations and exacerbating the risk of economic recession. By calling for interest rate cuts, Trump aims to alleviate the inflationary pressures brought about by the tariff policy, while also stimulating economic growth to provide strong support for his political positions and policy achievements.

In addition, as the election approaches, good economic data will undoubtedly become an important bargaining chip in gaining voter support. Interest rate cuts, as a means to stimulate the economy, have also become a part of Trump's political strategy.

However, Trump's call for interest rate cuts also puts the Fed in a dilemma. On the one hand, the Fed needs to maintain its independence and avoid being directly influenced by political pressure; on the other hand, faced with weak economic data, the Fed also needs to weigh whether to implement further easing policies.

The game surrounding interest rate cuts not only pertains to the direction of U.S. domestic economic policy but will also have a profound impact on global financial markets. Investors and policymakers in various countries will closely monitor the developments of this situation to timely adjust their investment strategies and policy orientations.