Hassett Dismisses White House Role in Fed Rate Policy Under Chair Warsh, Who Held Rates Steady

3 articles · Updated · WJLA · Jun 22

Kevin Hassett said Kevin Warsh is not seeking White House advice on interest rates, pushing back against expectations that President Donald Trump would influence the new Fed chair.
Warsh, who took office last month, kept rates unchanged at his first policy meeting on Wednesday and has publicly stressed that the central bank must remain separate from the White House.
The reassurance follows Trump’s earlier effort to fire Warsh’s predecessor over rate cuts and his long-running attacks on former Chair Jerome Powell, whose treatment raised fresh concerns about Fed independence.

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