We study two well-observed, fast halo CMEs, covering the full CME kinematics including the initiation and impulsive acceleration phase, and their associated flares. We find a close synchronization between the CME acceleration profile and the flare energy release as indicated by the RHESSI hard X-ray flux onsets, as well as peaks occur simultaneously within 5 minutes. These findings indicate a close physical connection between both phenomena and are interpreted in terms of a feedback relationship between the CME dynamics and the reconnection process in the current sheet beneath the CME.