Speaking to the Fed, Mr. Hassett, the White House economic adviser, said interest rates should continue to be cut. On how low rates should go, he said the data had to be watched closely. He also said it would be irresponsible to announce interest rate commitments for the next six months now.
White House economic adviser Hassett: The new leadership of the Federal Reserve may be expected to cut interest rates, Trump may interview Fed candidates in the next few months, and we may decide on the Fed chair around the new year.
Hassett, the White House economic adviser, declined to say when the nomination for the Fed chair would be announced.
White House economic adviser Hassett: An independent Federal Reserve is very important.
White House economic adviser Hassett: The data needs to be better adjusted, and the revisions have been very large.
Hassett, White House economic adviser: [Speaking of the Fed] will need to consider what actions they will take. They are expected to discuss deeper rate cuts.
White House economic adviser Hassett: An independent Federal Reserve is very important.
White House economic adviser Hassett said President Donald Trump has a preliminary understanding of the framework of some proposed trade deals and believes they need further refinement.
According to CBS, White House economic advisor Hassett said that some trade talks could go beyond the deadline.
According to CBS, White House economic advisor Hassett said that some trade talks could go beyond the deadline.