Hassett's Fed Nomination: Concerns and Support

Kevin Hassett, a White House economic advisor, is the frontrunner for the Federal Reserve position, despite concerns about his potential to maintain independence from the executive branch. President Trump is expected to nominate a replacement for Jerome Powell early next year, with Hassetts willingness to cut interest rates quickly being a key factor. However, bond investors have warned against his appointment, and Democrats are likely to oppose him, leaving Senate Republicans with little room for error. Hassett, known for advocating for significant policy changes at the Fed, has faced scrutiny for past policy claims, including a model predicting COVID-related deaths would drop to zero by May 2020.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.