Hassett's critique may influence future Fed policy, affecting market expectations and economic stability amid ongoing monetary policy debates.
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According to ChainCatcher, White House National Economic Council Director Hassett criticized recent comments from Federal Reserve officials supporting interest rate hikes, saying that continuing to tighten policy with core inflation near 2% is worrying. Hassett questioned the interest rate stance of some officials and said that Federal Reserve Chairman Warsh faces the task of restoring his independence.