Kevin Hassett Questions Fed's Independence Around Elections

United States National Economic Council (NEC) Director Kevin Hassett expressed concerns over the Federal Reserve's independence during an interview with Fox Business. Hassett pointed out an "unfortunate pattern" of the Fed's decisions being influenced by U.S. election cycles, citing examples from the 2016 election.

Trump's Potential Fed Pick Speaks Out

Rumored to be among President Trump's top choices to replace Fed Chair Jerome Powell, Hassett defended Trump's right to critique Powell, emphasizing that the president "is allowed to speak his mind." He also questioned the Fed's current policy stance compared to the European Central Bank (ECB), noting a divergence in their approaches to interest rates.