Kevin Hassett Reaffirms Fed Independence as Markets Watch Rate Outlook
Kevin Hassett, a prominent candidate for Federal Reserve chair, emphasized the central bank's autonomy amid political scrutiny. His stance comes as financial markets, including cryptocurrencies, parse signals on future U.S. monetary policy.
Hassett clarified that Federal Open Market Committee decisions would remain data-driven, not subject to White House influence. Daily consultations with President TRUMP would continue if appointed, but carry no policy weight.
Economic indicators show easing price pressures, with Hassett noting moderating inflation and strengthening consumer purchasing power. Labor market data presents a mixed picture ahead of critical November jobs figures.