President Trump's top economic adviser praised the Federal Reserve for making a "prudent" decision on interest rates Thursday, despite the president's calls for a much steeper rate cut.

Kevin Hassett, director of the White House National Economic Council (NEC), backed the Fed's move to cut interest rates by 0.25 percentage points Wednesday after months of White House pressure and slowing job gains.

“The bottom line is that moving kind of slow and steady and heading towards a target, watch the data come in, that’s what prudent policy is,” Hassett said Thursday in an interview with CNBC's "Squawk Box."

Members of the Federal Open Market Committee (FOMC) — the panel of Fed officials responsible for setting interest rates — voted 11-1 Wednesday in favor of a 0.25 percentage point rate cut,

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