Hassett Defends Fed Rate Cut
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FedMarketWatch
•Big Fed rate cut was justified, but it may have acted politically, Trump economic adviser says
78% Informative
Kevin Hassett was chairman of the Council of Economic Advisers in the Trump administration from 2017 to 2019 .
Hassett said the Fed ’s move to cut its benchmark interest rate by a half percentage point last month was justified by data showing a weakening U.S. labor market.
Trump has been a critic of Jerome Powell in the past such as in 2019 when he wanted the Fed to lower interest rates ahead of 2020 elections.
VR Score
84
Informative language
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68
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