Hassett Asserts Fed Independence Would Trump Trump’s Influence on Rates
Kevin Hassett, the frontrunner for Federal Reserve chair with 52% prediction market odds, made clear that Donald Trump's vocal views on monetary policy WOULD hold no sway under his leadership. "The job of the Fed is to be independent," Hassett stated during a CBS interview, directly addressing Trump's recent remarks about influencing rate decisions.
The former WHITE House economic adviser emphasized consensus-driven governance through the Board of Governors. His comments come as markets price in his dovish leanings, with Polymarket traders assigning him leading odds for the position. The remarks reinforce the traditional firewall between political pressure and central banking - a principle tested during Trump's presidency when he publicly criticized Jerome Powell's rate hikes.
