Trump vs. Fed? Hassett Speaks Out
Kevin Hassett said President Donald Trump's views on interest rates are unrelated to the Department of Justice (DOJ) investigation into the Federal Reserve (The Fed). This statement comes amid market scrutiny of the US central bank's political ties and independence.
Hassett—who is often mentioned as a strong candidate to replace Jerome Powell as Fed Chair—made his comments in an interview on CNBC. "I respect the independence of the Fed and the independence of the Department of Justice," Hassett said.
He also added that he had not received a briefing on the DOJ's planning, stressing that he had no internal information regarding the direction or details of the steps the agency is considering.
Source: Newsmaker.id