Windtalker
The independence of the Federal Reserve is tougher than you think
White House Chief Economic Advisor Kevin Hassett recently issued a strong warning—if the president’s opinions are not backed by data, then they are just "decorations" in rate decision-making.
In an interview with CBS, Hassett was straightforward: the collective consensus of the FOMC is the key, and interest rate adjustments should be based on data and logic, not on who has more power.
"We can talk until the end of time, but when it comes to voting, data decides everything." His intention is very clear— even if the president has
View OriginalWhite House Chief Economic Advisor Kevin Hassett recently issued a strong warning—if the president’s opinions are not backed by data, then they are just "decorations" in rate decision-making.
In an interview with CBS, Hassett was straightforward: the collective consensus of the FOMC is the key, and interest rate adjustments should be based on data and logic, not on who has more power.
"We can talk until the end of time, but when it comes to voting, data decides everything." His intention is very clear— even if the president has