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
This article was written by Eamonn Sheridan at www.forexlive.com.
