White House NEC Director Kevin Hassett said that even if he were chosen to lead the Fed, interest-rate decisions would remain independent.
While acknowledging President Trump holds strong, well-argued views on monetary policy, Hassett stressed the Fed must work with the Board and FOMC to reach collective, independent decisions, responding to Trump’s comments that he should have a say in rate setting.
#Trump #KevinHassett #FederalReserve
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HASSETT: FED DECISIONS MUST REMAIN INDEPENDENT DESPITE TRUMP’S VIEWS
White House NEC Director Kevin Hassett said that even if he were chosen to lead the Fed, interest-rate decisions would remain independent.
While acknowledging President Trump holds strong, well-argued views on monetary policy, Hassett stressed the Fed must work with the Board and FOMC to reach collective, independent decisions, responding to Trump’s comments that he should have a say in rate setting.
#Trump #KevinHassett #FederalReserve