Hassett Takes Lead in Race to Be Trump’s New Fed Chair
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Trump continues to bash Fed Chair Jerome Powell
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WASHINGTON, July 13 (Reuters) - U.S. President Donald Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday and that the Fed "has a lot to answer for" on renovation cost overruns at its Washington headquarters.
Kevin Hassett has emerged as a serious contender to succeed Jerome Powell, posing a possible threat to Kevin Warsh, an early favorite for the post.
2don MSN
National Economic Council Director Kevin Hassett joins ‘Squawk Box’ to discuss President Trump's recent tariff announcement on Europe and Mexico, his views on the work of Fed Chair Jerome Powell, and more.
In an interview with ABC News, Kevin Hassett was also pressed about the president's decision to hit imports from Brazil with steep tariffs.