Hassett says Federal Reserve can reject Trump's views if he is chair
Source: AP
Updated 3:53 PM EST, December 14, 2025
WASHINGTON (AP) A leading candidate to be President Donald Trumps choice for Federal Reserve chair said that he would present the presidents views to Fed officials for their consideration but they could reject them if they chose when making decisions on interest rates.
Kevin Hassett, in an interview Sunday on CBS News Face the Nation, said he would continue to speak with Trump if he becomes the Fed chair. But when asked if Trumps opinions on interest rates would have equal weighting with members of the Feds interest-rate setting committee, Hassett replied, No, he would have no weight.
His opinion matters if its good, if its based on data, Hassett continued. And then if you go to the committee and you say, well, the president made this argument and thats a really sound argument, I think, what do you think? If they reject it, then theyll vote in a different way.
Hassetts comments come as Trump is reportedly in final interviews with potential replacements for the Feds current chair, Jerome Powell. Trump has emphasized that he expects whomever he nominates to lead the Fed will sharply lower the central banks key rate, which currently stands at about 3.6%. Trump has said it should be cut to 1% or lower, a view almost no economist shares. Trumps outspokenness has raised concerns about the Feds independence from day-to-day politics under any chair he appoints.
Read more: https://apnews.com/article/federal-reserve-hassett-trump-independence-2a2a5c1bd7de916d1118f2c9d863cde7
rampartd
(3,445 posts)if they want the paranoid death threat/trial for treason treatment trump uses on any adult who denies him instant gratification.
after he fires them of course..
no_hypocrisy
(54,063 posts)continued on with their position unscathed.
littlemissmartypants
(31,249 posts)His kiss up skills are epic.
"I talk to the President every day and the President has very interesting ideas. I could talk to him for hours." Him to MB on FTN, (Fuck!! The Nation) on CBS.
Walleye
(43,618 posts)LymphocyteLover
(9,241 posts)this insane and ridiculous administration will have achieved 100% incompetent joke status in its appointees
Efilroft Sul
(4,275 posts)Hassett's marching orders are: "Tell 'em what they want to hear so you can later do my bidding."
mwb970
(12,046 posts)Trueblue Texan
(4,130 posts)and we see where thats gotten us.
Lonestarblue
(13,166 posts)He will march to Trumps insanity once confirmed.
travelingthrulife
(4,174 posts)I've noticed the Grinning Psychopath is not grinning too much anymore.
Kid Berwyn
(22,614 posts)Perjury. Its not against the law for Republicans.