According to PANews, the director of the National Economic Council, Hassett, stated that even if nominated by Trump as the chairman of the Federal Reserve, he would not determine interest rate policy according to the president's wishes. Hassett emphasized that the FOMC's consensus decision-making mechanism must remain independent.
Trump had previously stated that he should have the right to influence interest rate settings and considered Hassett or former board member Warsh to succeed Powell. Powell's term as chairman of the Federal Reserve will expire in May 2026. $BTC
BTC
86,851.32
-0.28%
ETH
2,838.69
-3.44%
BNB
836.7
-2.85%