Hassett Asserts Fed Independence as Trump Weighs In on Rates
Kevin Hassett, leading contender for Federal Reserve chair, drew a clear line between presidential influence and central bank autonomy during Sunday's Face the Nation interview. The former WHITE House economic adviser stated unequivocally that President Trump's views on interest rates would carry no institutional weight, though he acknowledged the value of data-driven opinions from any source.
Markets showed muted reaction to last week's 25 basis point cut, with crypto assets notably failing to rally despite traditional correlations between loose monetary policy and digital asset performance. The Fed chair selection process enters its final weeks with Hassett holding 52% implied probability against challenger Kevin Warsh according to Polymarket odds.
