Hassett: Warsh ‘not asking the White House for advice’ on interest rates
Summary
Kevin Hassett, the director of the National Economic Council, said that Federal Reserve Chair Kevin Warsh is not asking the White House for advice about interest rates or monetary policy. Although Hassett and Warsh are close friends and talk regularly, Warsh makes decisions independently from the President’s office.Key Facts
- Kevin Hassett is the director of the National Economic Council.
- Kevin Warsh is the Chair of the Federal Reserve.
- Hassett and Warsh have been close friends for about 30 years.
- Warsh does not seek advice from the White House about interest rates.
- They do talk often, but Warsh works independently on monetary policy.
- Hassett made these remarks during an interview on CNBC’s “Squawk Box.”
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