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White House Economic Director Kevin Hassett Rules Out Federal Reserve Reform

Kevin Hassett describes the Federal Reserve's recent interest rate decision as prudent, while also being considered for the role of Fed Chair under President Trump.

Summary

Kevin Hassett, Director of the U.S. National Economic Council, called the Federal Reserve's recent rate decision a balanced and prudent move. He is also considered a potential candidate for the role of Fed Chair under President Trump. Hassett reiterated the importance of maintaining the Fed's independence from political influence.

Terms & Concepts
  • Federal Reserve: The central banking system of the United States, responsible for monetary policy, regulating banks, and maintaining financial stability.
  • National Economic Council (NEC): A U.S. government body within the White House that coordinates economic policy decisions and advises the President.