During a recent economic forum, former White House National Economic Council director Kevin Hassett shared insights on U.S. monetary policy, expressing strong confidence in Federal Reserve Chair Jay Powell’s leadership amid ongoing economic challenges.
Upholding Institutional Integrity
Hassett emphasized that while policy perspectives may differ between the administration and the central bank, the Fed’s independence remains vital for long-term economic stability. He described his view of Powell as one of 'deep respect,' praising his steady guidance through turbulent financial periods.
- Central bank autonomy protects against political short-termism
- Monetary decisions should be data-driven, not media-reactive
- Powell’s crisis response reflects technical expertise and composure
The remarks signal continued confidence in the current economic trajectory and reinforce the importance of nonpartisan monetary governance. Observers interpret Hassett’s comments as a strategic effort to bolster public and market trust in the Fed’s institutional resilience.