Hassett Wouldn’t Bow to Pressure on Interest Rates

Hassett Wouldn’t Bow to Pressure on Interest Rates

National Economic Council director Kevin Hassett says he would rely on his own judgment and not bow to political pressure to decide whether to cut interest rates if he becomes the next chairman of the Federal Reserve, the Wall Street Journal reports. Hassett said, however, that there is “plenty of room” to cut rates in the months ahead.

Fed chair front-runner Hassett says ‘plenty of room’ to cut rates

White House economic adviser Kevin Hassett, the front-runner to be the Federal Reserve’s next chair, told the WSJ CEO Council on Tuesday there is “plenty of room” to cut interest rates fu...

White House Advisor Signals “Plenty of Room” for Fed Rate Cuts

Kevin Hassett, a leading candidate to succeed Jerome Powell as Federal Reserve chair, stated there is still "plenty of room" to cut interest rates further, provided inflation remains contained. He explicitly warned that a rise in inflation from 2.5% to 4% would rule out rate cuts, emphasizing data-dependent decisions over…