US EditionKevin Hassett says Federal Reserve can reject Trump’s views if he is chair
Kevin Hassett, a top Fed chair contender, emphasized the Federal Reserve's independence and said Trump’s views would not determine interest rate decisions.
- On Sunday, Kevin Hassett, a leading Fed chair candidate, said he would present President Donald Trump's arguments to Fed officials but they could reject them and he would keep speaking with Trump if appointed.
- President Donald Trump is pressing for a nominee who will sharply lower the Federal Reserve's key rate, about 3.6%, and has said it should be cut to 1% or lower during his final interviews to replace Jerome Powell.
- Hassett emphasized institutional rules, saying the committee votes and that President Donald Trump's opinion matters only if based on data, stressing Fed independence on Sunday.
- Amid the selection process, concerns have grown about political influence on the Fed as President Donald Trump said Friday, `I certainly should have a role in talking to whoever the head of the Fed is.`
- The Wall Street Journal reported Friday that Kevin Warsh, Hoover Institution fellow and former Fed governor, is Trump's current favorite, but Trump has praised both Kevins, reflecting mixed signals.
52 Articles
52 Articles
Hassett, on shortlist for Fed chair, says Trump’s voice ‘would have no weight’ in decisions
Kevin Hassett, potential Fed chair nominee, emphasizes the importance of an independent Fed, stating that President Trump would not influence interest rate decisions.
Associated Press News
Hassett says Federal Reserve can reject Trump's views if he is chair
A leading candidate to be President Donald Trump’s choice for Federal Reserve chair says he would present the president’s views to Fed officials for their consideration but they could reject them if they chose when making decisions on interest rates.
Washington Top News
Hassett says Federal Reserve can reject Trump’s views if he is chair
WASHINGTON (AP) — A leading candidate to be President Donald Trump's choice for Federal Reserve chair said that he would present the president'
Hassett Says Trump Would Be Free to Offer Opinions on Fed Policy
National Economic Council head Kevin Hassett said he’d consider President Donald Trump’s policy opinions if picked to lead the Federal Reserve, but that the central bank’s interest rate decisions would remain independent.
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