Fed's Schmid: Policy is modestly restrictive, appropriate

There's a significant amount of media influence surrounding major news, particularly, but not exclusively, by Trump. For example, on April 21st, technical analysis suggested that the US markets were establishing a clear bottom. Shortly thereafter, Trump stated that he would ease the Chinese tariffs, resulting in a rise in the markets. It seemed that astute investors were already prepared to take long positions. To many observers, this appears to be a case of manipulation and insider trading. Another instance is when Trump made a surprising announcement about possibly imposing a 39% tariff on gold bars imported from Switzerland, a major gold exporter to the US. Following this announcement, gold futures for December 2025 reached $3,534.10 on the morning of August 8th, an increase of 1.3%, although they experienced a slight decline afterward. He later clarified that he would not pursue this action, causing the gold market to fluctuate again. Should the President of the United States be permitted to make statements on his personal social media that are recognized by economists and financial analysts to influence market movements?