Trump's director of the National Economic Council regularly 'meeting' with Fed's Powell

  • Blowtorch to the belly?

Kevin Hassett is Trump's director of the National Economic Council.

Hasset spoke in an interview with CBS' Face The Nation.

  • He revealed that he is having regular meetings with Federal Reserve chairman Jerome Powell.
  • Hassett denied that these meetings were intended to influence interest rates, emphasizing that Powell's independence is respected, though the president’s views can still be voiced.
  • Hasset said long-term interest yields have declined, citing the 40 bp drop in 10-year Treasury yields, says it's a sign the market expects lower inflation
Kevin Hassett white house
Kevin Hassett

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