Fed Front-Runner Hassett Stresses Independence Amid Trump's Rate Cut Push

Kevin Hassett, a leading candidate to become President Donald Trump's Federal Reserve chair, asserted that even if appointed, President Trump's input would carry "no weight" in the central bank's interest rate decisions due to the Fed's necessary independence. Hassett, who currently serves as Trump's top economic adviser, emphasized that the Fed's job is to work toward a group consensus among the Board of Governors and the FOMC. His comments follow recent remarks from Trump suggesting he should have a say in rate decisions. Hassett is widely viewed as a dovish candidate likely to support Trump's calls for aggressive interest rate cuts to stimulate economic growth, potentially prioritizing expansion over inflation control.

(Source：CoinDesk)