Kevin Hassett Says Trump Wouldn't Sway the Fed on Interest Rates if He's Chair
Kevin Hassett emphasized Federal Reserve decisions rely on committee consensus and Fed chair guidance, not presidential pressure, despite Trump's public calls for lower interest rates.
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7 Articles
Trump’s top pick for Fed appointee threatens bond market 'revolt'
President Donald Trump is considering naming Kevin Hassett to head the Federal Reserve after the end of Jerome Powell's tenure has ended. CNBC reported Monday that while Hassett may have the president's ear, there is a risk that he'll be seen as in Trump's pocket and do whatever he asks. Trump has spent the better part of his administration demanding that Powell reduce interest rates. When Powell finally did reduce interest rates, Trump continue…
Hassett Vows Trump Would Have ‘No Weight’ In Fed Decisions If He’s Picked as Chair
Evan Vucci/APKevin Hassett, the director of the White House National Economic Council and a top contender to lead the Federal Reserve, said on Sunday that President Donald Trump’s pleas to alter the central bank’s policies would carry “no weight” if he is selected for the role.“I’m, right now, the top economic adviser for the president, and I talk about almost everything with him almost every day,” Hassett said in an interview on CBS’ “Face the …
WASHINGTON — Kevin Hassett, one of President Donald Trump’s top candidates to preside over the Federal Reserve, said he would present the president’s views to the central bank authorities, but stressed that they could be rejected at the time of deciding on interest rates. In an interview broadcast on Sunday by CBS News on the Face the Nation program, Hassett said he would maintain dialogue with Trump if he became appointed to the Fed. However, w…
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