Hassett predicts Powell will leave Fed if he’s ‘happy’ with IG report
Summary
Kevin Hassett, the director of the National Economic Council, said he believes Federal Reserve Chair Jerome Powell will step down from the Fed’s board if he approves of an upcoming internal report. The report will review changes inside the Federal Reserve, which President Trump has criticized several times. Powell’s term as chair ends this month.Key Facts
- Kevin Hassett is the director of the National Economic Council.
- Jerome Powell is the chair of the Federal Reserve.
- Powell’s current term as Fed chair expires this month.
- An internal report on recent changes at the Federal Reserve is coming soon.
- President Trump has repeatedly criticized the Federal Reserve’s renovations.
- Hassett said Powell might leave the Fed board if he is satisfied with the report.
- The Federal Reserve Board of Governors oversees U.S. monetary policy.
- The article focuses on leadership changes at the Federal Reserve.
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