US President Trump posts "Being interviewed by Trey Gowdy, NOW!"

US President Trump posts "Being interviewed by Trey Gowdy, NOW!"

An announcement that a sitting president is taping or airing an interview carries no policy content on its own; market-moving remarks from televised presidential interviews have historically surfaced in the transcript, not the scheduling. The relevant precedent is that interviews of this kind, particularly with friendly interlocutors, tend to be the venue for off-the-cuff lines on trade, the Federal Reserve, or personnel rather than prepared policy, and it is those stray remarks that have on past occasions moved rate expectations, the dollar, or specific sectors. The distinction worth drawing is between commentary on Fed policy and trade, which re-prices front-end rates and the broad dollar, and everything else, which typically does not. The tell is whether excerpts begin circulating during or shortly after broadcast, since that is when any inadvertent headlines cross. Until then there is nothing to price, and notes of this length are a statement of that fact rather than filler.