White House's Hassett says Fed needs to be fully independent from Trump
- National Economic Council Director Kevin Hassett stated that the Federal Reserve should be fully independent of political influence, including from President Trump.
- Hassett expressed concerns regarding the current level of independence and transparency of the Federal Reserve.
- He highlighted that political control over central banks can lead to inflation and consumer hardship, as shown by historical examples.
- Despite his views, Hassett clarified that he does not have a plan to overhaul the Fed at this time.
31 Articles
31 Articles
Fox Business
The Business TimesHassett says he supports Federal Reserve independence amid Trump admin's rate cut push
National Economic Council Director Kevin Hassett said on Sunday that the Federal Reserve's monetary policy decisions shouldn't be subject to political influence amid the Trump administration's calls for the central bank to cut interest rates.Hassett appeared on CBS News' "Face the Nation," where host Margaret Brennan cited a CBS poll that found 70% of Americans want the Fed to make decisions independently of President Donald Trump, though 59% of…
Washington. Kevin Hasset, director of the National Economic Council of the White House and who is on President Donald Trump’s list to be the next president of the Federal Reserve (Fed), said yesterday that the central bank must be “fully independent of political influence, including from President Trump,” he told CBS News.
White House’s Hassett Says Fed Needs to be Fully Independent from Trump
A top aide to U.S. President Donald Trump who is on his short list to be the next chair of the Federal Reserve said on Sunday the central bank should be "fully independent of political influence," including from Trump."I would say 100% that monetary policy, Federal Reserve,...
Trump economy adviser: Fed should be ‘100 percent’ independent of political influence
A top economic adviser to President Trump on Sunday said the Federal Reserve should be 100 percent independent of political influence when it comes to monetary policy — including from Trump. Kevin Hassett, the director of the National Economic Council, made the remarks during an appearance on CBS’s “Face the Nation,” where he was asked…
"100% monetary policy, the Federal Reserve, must be completely independent of political influences, including President Trump," emphasizes a top adviser.
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