Hassett Speaks Out: Fed Comments Challenge Its Independence

Optimistic Outlook as Hassett Expresses Confidence

White House National Economic Council Director Hassett recently expressed confidence in the US economy, predicting GDP growth could surpass 5% for two consecutive quarters. This forecast brings renewed optimism to markets.

Deficit Concerns May Ease

Hassett also noted that as the economy continues to strengthen, the US fiscal deficit is expected to decrease further next year, offering hope for long-term economic stability.

Fed Comments Spark Debate

However, Hassett voiced concerns over the Federal Reserve’s recent public statements. He emphasized that the Fed's outspoken nature could risk undermining its independence as a central bank.

Smooth Transition in the Works

Despite these concerns, Hassett said there are many qualified candidates vying to join the Fed, and he remains confident in the ongoing review and appointment process.