National Economic Council Director Kevin Hassett expressed his stance that the Federal Reserve be “fully independent of political influence.”
“I would say 100% that monetary policy, Federal Reserve monetary policy, needs to be fully independent of political influence, including from President Trump,” Hassett said on CBS News’s Face the Nation on Sunday.
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“The fact is that we have looked at countries that have allowed the leaders to take over the central banks, and what tends to happen is that it’s a recipe for inflation and misery for consumers,” Hassett said.
Hassett’s comments come after President Donald Trump floated Hassett as t