According to TechFlow, on October 18, Kevin Hassett, an economic adviser to the Trump administration, said in an interview that "the Fed's move to cut the main interest rate by 50 basis points instead of 25 basis points last month was reasonable because the data showed that the job market was weakening. Based on the data they had at the time, it made sense to start a sharp rate cut, and it did look like economic growth was slowing sharply at the time." Hassett's remarks conflict with Trump's condemnation of the Fed's actions when he spoke to the Detroit Economic Club earlier this month. "In fact, the Fed cut interest rates too quickly. The cut was too large, and everyone knows that this is a political operation they are trying to conduct before the election," Trump said at the time. He hinted that the Fed was trying to lower borrowing costs to help his Democratic opponent Harris. It is reported that Hassett is a researcher at the Hoover Institution at Stanford University and has served as chairman of the Trump administration's Council of Economic Advisers since 2017. He has remained in Trump's circle and is expected to enter the leadership, including the possible helm of the Federal Reserve, if the Republican candidate defeats Harris next month. (Jin Shi)