Kevin Hassett, Director of the National Economic Council, criticized the idea of the Federal Reserve pre-setting interest rate targets for the next six months, calling it 'irresponsible.' Speaking to CNBC, Hassett emphasized the necessity for the Fed to base its decisions on evolving economic data. He stated that the role of the Fed chair is to observe data, adjust policy accordingly, and clearly communicate the rationale behind any actions. Hassett's comments highlight the importance of flexibility in monetary policy decision-making.
Hassett Criticizes Pre-setting Fed Interest Rate Targets as 'Irresponsible'
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