The "Golden Era" pie chart drawn by Trump is no longer effective! "New Federal Reserve News Agency": US corporate CEOs have shifted from ecstasy to anxiety within a month

A month ago, on February 19, Trump publicly declared that "America's golden age has officially begun," but now, the euphoria generated by this assertion of a "golden age" is being replaced by anxiety among American businesses. The erratic nature of Trump's policies and an overconfidence in avoiding the risks of economic recession have left CEOs and investors concerned, according to a report co-authored by veteran Federal Reserve reporter Nick Timiraos, known as the "new Federal Reserve correspondent."

The report cites sources within the Trump administration stating that CEOs and lobbyists have been calling the Trump team, expressing their concerns about the chaotic approach of the Trump administration and seeking clarification on policies. Some have indicated that the White House is willing to listen to businesses express their worries, but it remains unclear whether Trump will heed their advice and adopt a more moderate and targeted approach.

During his campaign, Trump frequently praised tariffs, even calling them "the most beautiful word in the dictionary" last October. The report notes that at that time, Wall Street investors and large corporations believed he would eventually reduce his rhetoric on this front, focusing more on promoting growth, targeted tariffs on specific countries, and supporting key industries, in short, aligning more closely with his approach during his first presidential term. However, now those CEOs who once cheered for Trump's tax cuts and deregulation measures are becoming increasingly pessimistic, although many are still reluctant to voice their opinions for fear of public criticism from the government.

The report also mentions that the Federal Reserve has paused interest rate cuts to assess the impact of Trump's policies. Federal Reserve Chairman Jerome Powell hinted at a news conference following the Fed meeting last week that the Fed was close to achieving its goal of maintaining low interest rates and price stability before the changes in tariff situations brought by the Trump administration, as he mentioned the term "tariff inflation" five times during the press conference. The report states:

"This means that any price increases this year will be attributed to the White House's policies rather than underlying economic conditions."

Ed Al-Hussainy, a global interest rate strategist at Columbia Threadneedle Investments, commented that at the end of last year, the prevailing attitude was that Trump's agenda was very favorable for economic growth and would be executed in a clear manner; now all those views have turned 180 degrees.

Earlier this month, Xinhua News Agency reported that some American companies have already warned of the negative consequences that tariff policies may bring. Retail giants like Walmart and Target predicted during recent earnings conference calls that consumer spending would decline due to the economic uncertainty caused by tariff policies. Delta Air Lines cut its profit expectations in half, stating that economic uncertainty would lead potential passengers to reconsider their travel plans.

The report mentions that Goldman Sachs chief economist Jan Hatzius recently significantly lowered the U.S. economic growth forecast for this year from 2.4% to 1.7%. He stated that the reason for the downgrade in economic growth expectations was a pessimistic outlook on trade policies. Bruce Kasman, chief global economist at JP Morgan, expressed high concern about the U.S. economy, predicting a recession probability of about 40% this year, significantly higher than the 30% forecast at the beginning of the year The report also mentioned that former U.S. Treasury Secretary Larry Summers stated this month that the likelihood of the U.S. economy falling into recession is approaching 50%, noting that at the beginning of this year, almost no one believed there was a substantial possibility of recession. Summers believes that significant immigration restrictions, federal government layoffs, and Trump's tariff measures are causing "huge changes" in the national economic outlook