🔴 Kevin Hassett confirms the independence of the Federal Reserve
⬅️ Kevin Hassett stated that if appointed as Chairman of the Federal Reserve by Donald Trump, he would convey the president's views on interest rates.
⬅️ Hassett stressed that policymakers at the Federal Reserve could reject these views.
⬅️ Hassett thus affirmed the independence of the central bank despite Trump's efforts to sharply lower interest rates.
📌Impact of the news:
* Dollar: The statement is partially positive for the US dollar (USD) as it reaffirms the principle of the central bank's institutional independence, reducing concerns about excessive political pressure that could lead to unwarranted rate cuts.
* Stocks: Slightly negative for growth stocks, as it indicates that any new chairman will not automatically yield to pressure for rate cuts demanded by Trump.
