Trump recently sent a strong signal regarding the Fed Chair nomination: anyone who doesn't cut interest rates according to his wishes shouldn't expect to sit in that chair. Behind this statement reflects a power and policy struggle.

His core demand is straightforward— the new Fed Chair must decisively cut rates when he deems appropriate. Trump is confused and even angry about the current market phenomenon: why does the stock market fall when good news is announced? In his view, positive economic data should push stock prices higher, not trigger panic over rate hikes.

Ironically, right after Trump finished speaking, the market responded loudly. Data released on Tuesday showed that the GDP annualized growth rate in Q3 reached 4.3%, undoubtedly good news. What was the result? The S&P 500 index not only didn't fall but rose for four consecutive days, hitting a new all-time high. Reality slapped him in the face.

This phenomenon of "good news turning into bad news" has actually existed in financial markets for decades. Professionals generally see it as a rational market reaction—strong economic data often signals higher inflation and the possibility of rate hikes. But Trump clearly does not accept this logic; he is determined to redefine the game rules using political influence.

According to the latest news, Trump has narrowed the list of Fed Chair candidates to 3-4 people, and is likely to announce the final nomination within the next few weeks. His urgency to push for rate cuts is not complicated— to ease voters' anxiety over rising living costs. He has repeatedly publicly stated that he hopes interest rates can be lowered to around 1%.

This time, Trump directly linked the rate cut demand to the Fed Chair candidate selection, effectively conducting a "loyalty test" for the candidates. According to his logic, aligning with his policy stance can secure the nomination; otherwise, they have no chance. This unconventional exercise of power fully demonstrates how political realism can profoundly influence financial decision-making.