Hassett to serve as Trump admin’s contact with the Federal Reserve

The director of the National Economic Council Kevin Haset is scheduled to serve as the main connection point of Trump administration with the Federal Reserve Jerome Powell: Because the fight against inflation continues.

Haset appeared CBS News “AGAINST NATION” On Sunday and host Margaret Brennan, he plans to hold regular dinner meetings with other politicians of Powell and Central Bank.

“I have started this weekend, starting, once again, regular lunches with Jay Powel,” Haset said. “Jay and I have a long and collegial relationship, and I’m going to go there with him and the other governors.”

“So we are going to talk about our views on what happens to him and listen to him and that collegion continues for four years, when I used to be here, and the president appreciates it.” He said.

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The director of the National Economic Council Kevin Haset will become a federal reserve for the Trump administration as a key point. (Mark Wilson / Getty Images / Getty Images)

Brenan began to ask Haset if those meetings intend to influence Federal Reserve Decisions on monetary policy When he answered that “Jay is an independent person”, and that Fed’s independence is respected.

“The point is that the president’s opinion can be heard. He is the President of the United States. But here’s what I think it’s putting pressure on it, “Hasms said a number

“To say in some way, do the markets think? about 40 base points in the past two weeks while we announced our program Control inflationA number of it saved the American people about $ 40 billion … just talking about the things we are going to do, “he added.

In January, inflation increases by 3%, warmer than expected

Fed Chair Jerome Powell signaled that Fed is not in a hurry to reduce interest rates and will continue to estimate fresh economic data. (Alex Wong / Getty Images / Getty Images)

President Donald Trump Many times have criticized Powell and called for nourishing interest rates. Before Powell testified before the Congress on Monetary Policy, Trump once again posted that the Central Bank should lower the low interest rates.

“Interest rates need to be lowered, something that will gain the hand at the upcoming tariffs !!!”. Trump said in the post on the social of truth. “Allow rock and roll, America !!!”.

Powell’s testimony reaffirmed his position that Fed is not necessary to lower interest rates, as it is waiting for more data, as the Central Bank is pursuing its 2% target levels. Maximum employmentA number

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President Donald Trump caused Jerome Powell as the Federal Reserve, 2017. (Saul LOEB / AFP VIA GETTY Images / Getty Images)

“We don’t need to hurry to settle our position on our policy,” Powell said on Tuesday. “We know that the reduction of policy restraint is very fast or too much to prevent the progress of inflation. At the same time, the reduction of policy restraint is extremely slow or very small, it can be extremely slow to weaken economic activity and employment. “

Fed rates remained unchanged interest rates in the late January policy, persistent inflation and labor-resistant market, politicians who say inflation shows that inflation is waiting.

Is Consumer price index (CPI) – Popular inflationary water meter – more hot than 3% annual interest rate in recent weeks. This figure was 2.9% a month ago, although it fell from 3.1% on January 20, 2024.

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The main CPI has gated 0.1% higher than 3.3% in the last month on an annual basis. That meter was 3.9% in January 2024.