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Kevin Hassett: Trump Can Offer Advice to Fed, But Interest Rate Decisions Should Remain Independent
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Kevin Hassett, Director of the National Economic Council of the United States, stated that if he is nominated as the Chairman of the Federal Reserve, he will consider US President Donald Trump's policy opinions, but the central bank's interest rate decisions will remain independent. Although Trump has very strong and well-founded views on the Fed's policy, Hassett emphasized that the Fed's responsibility is to maintain independence and work with the Board of Governors and the Federal Open Market Committee members to reach a consensus on the appropriate level of interest rates. AASTOCKS Financial News Website: www.aastocks.com |
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