Hassett: Trump’s Influence Would Be Marginal if Appointed Fed Chair
TL;DR
Kevin Hassett, a top contender for Fed chair, emphasized the Fed's independence and stated that President Trump’s opinions would have no weight in setting interest rates, despite Trump’s desire for influence. Hassett expressed willingness to discuss with Trump regularly but clarified that the final decision rests with the FOMC, which votes collectively. The nomination process remains open, with other candidates like Kevin Warsh also in consideration.
- Kevin Hassett says Trump's opinion would have 'no weight' on the FOMC Fortune
- Hassett Says Trump Can Offer Fed Advice But Won’t Set Its Action Bloomberg.com
- Hassett says Federal Reserve can reject Trump’s views if he is chair AP News
- Hassett, on shortlist for Fed chair, says Trump’s voice ‘would have no weight’ in decisions thehill.com
- Kevin Hassett says Trump would ‘have no weight’ in Fed decisions if he’s picked as next chair New York Post
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