Hassett Insists Trump Connection Won't Compromise Fed Independence
Hassett Insists Trump Connection Won't Compromise Fed Independence
White House National Economic Council Director Kevin Hassett on Tuesday brushed aside concerns that his close proximity to President Trump could influence his decisions as the next potential chair of the Federal Reserve.
“The idea that being close to the president and serving the president well disqualifies someone for any job just doesn't make any sense,” Hassett stated. He expressed confidence in his ability to maintain the independence of the Federal Reserve while holding a close relationship with the administration.
Potential Impact on the Fed
- Autonomy Assurance: Hassett emphasizes the importance of Fed independence.
- Political Pressures: He acknowledges potential political pressures but reassures market participants.
As discussions about monetary policy continue, the focus will remain on how his strategies will align with the Fed's essential role.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.