Hopeful Hassett Says Fed Can Deny Trump

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Despite his close ties to Trump, Kevin Hassett emphasizes that the president will not gain additional influence in the Fed if he becomes the new chairman.

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Kevin Hassett, a senior candidate for President of the Federal Reserve (Fed), said the central bank would remain independent even if it faced pressure from the White House. His remarks come as the financial and cryptographic markets closely observe the signals on interest rates and the future trajectory of US monetary policy. The Hassett article reaffirms the Fed's independence while the markets scrutinize the rates appeared first on Cointribute.

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Kevin Hassett, head of the White House National Economic Council, said that if he were chosen to head the Federal Reserve, he would take into account Donald Trump's policy views, but that the central bank's interest rate decisions would continue to be determined by the institution's independence and the FOMC consensus.