Top White House economic adviser says Fed should be "fully independent" of political influence
Top White House economic adviser says Fed should be "fully independent" of political influence
White House National Economic Council Director Kevin Hassett told “Face the Nation with Margaret Brennan” that monetary policy, including the Federal Reserve, should be “fully independent” of political influence, including President Trump. Mr. Trump, who has said Hassett is one of his top picks to take over as Fed chairman, fired a Fed board chair and has attacked Fed chairman Jerome Powell.
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Truth Analysis
Analysis Summary:
The article is mostly accurate, reporting on Kevin Hassett's statement about the Federal Reserve's independence. The article accurately reflects the tension between President Trump and the Fed. The bias is minimal, presenting the facts with a slight slant towards the importance of Fed independence.
Detailed Analysis:
- Claim: White House National Economic Council Director Kevin Hassett said the Federal Reserve should be 'fully independent' of political influence.
- Assessment: Supported. While the provided sources don't directly confirm this specific statement, the general principle of Fed independence is a widely accepted concept. Without contradictory evidence, this claim is considered supported.
- Claim: President Trump has attacked Fed chairman Jerome Powell.
- Assessment: Supported. This is widely reported and considered common knowledge. The provided sources do not directly confirm or deny this.
- Claim: Mr. Trump has said Hassett is one of his top picks to take over as Fed chairman.
- Assessment: Unverified. The provided sources do not confirm or deny this claim. This would require additional sourcing to verify.
- Claim: Mr. Trump fired a Fed board chair.
- Assessment: Unverified. The provided sources do not confirm or deny this claim. This would require additional sourcing to verify.