Hassett's Fed Bid: Balancing Independence & Trump's Expectations
Update: 2025-12-16
Description
Kevin Hassett, a top contender for the Federal Reserve chair, stresses the importance of the central banks independence, amidst speculation about President Trumps choice for the position. Hassett, currently serving as the National Economic Council Director, emphasizes that interest rate decisions should be based on consensus and data, not political influence. Despite concerns about his close ties to President Trump, Hassett defends his qualifications and argues that his relationship with the President should not disqualify him from the role. This discussion unfolds against a backdrop of President Trumps ongoing criticism of the Federal Reserve and his push for more aggressive interest rate cuts.
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