National Economic Council Director Kevin Hassett speaks to reporters outside the White House on Nov. 13, 2025. Anna Moneymaker/Getty Images
Kevin Hassett, a leading contender to become the next Federal Reserve chair, said on Dec. 14 that if he gets the position, while he would convey President Donald Trump’s views on interest rates to policymakers, those views would carry no formal weight in the central bank’s decisions.
In an interview on CBS News’ “Face the Nation,” Hassett said that the Federal Reserve’s independence would be preserved under his leadership, following Trump’s previous comments that he wants Fed discussions over monetary policy to take his opinion into account.
