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.
70 Articles
70 Articles
Trump could announce a new Fed chair before Christmas: Here’s what you need to know about the leading candidates
The White House has run a very public campaign for the nomination of the next chairman of the Federal Reserve. Treasury Secretary Scott Bessent has been open about how swiftly he would like to see a name chosen and shared with the public, while President Trump has been transparent about the individuals in contention. One motivation for the candor is a bid to shift focus away from current chairman Jerome Powell, who has grated on the Oval Office …
Hassett Says If He’s Fed Chair, Trump’s Advice Won’t Influence Central Bank’s Policy
Kevin Hassett, a leading contender to become the next Federal Reserve chair, said on Dec. 14 that if he gets the position, while he would convey President Donald Trump’s views on interest rates to policymakers, those views would carry no formal weight in the central bank’s decisions. In an interview on CBS News’ “Face the Nation,” Hassett said that the Federal Reserve’s independence would be preserved under his leadership, following Trump’s prev…
Potential new Fed chair rejects Trump's influence
WASHINGTON — A leading candidate to be President Donald Trump's choice for Federal Reserve chair said that he would present the president's views to Fed officials for their consideration but they could reject them if they chose when making decisions…
‘No Weight’: Top Fed Contender Tells Trump His Input Only Matters ‘If It’s Based On Data’
Kevin Hassett, a leading contender to become President Donald Trump’s next Federal Reserve chairman, drew a distinct line between political advice and monetary policy on Sunday, asserting that the President’s personal views on interest rates would carry “no weight” in the voting room unless they were backed by hard economic data. Appearing on CBS News’ […] ‘No Weight’: Top Fed Contender Tells Trump His Input Only Matters ‘If It’s Based On Data’
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.
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