The Chairman of the National Economic Council at the White House, Kevin Hassett, stated that the Federal Reserve's plan to set interest rate targets for the next six months would be "irresponsible" and emphasized the importance of following economic data.
Hassett said on Monday in an interview with CNBC: "The duty of the Chairman of the Federal Reserve is to monitor the data, adjust policies, and explain the underlying reasons for his actions, so if someone says 'I will do this over the next six months,' that is truly irresponsible."