Trump Advisor Plans Regular Talks With Fed Chair Powell

Kevin Hassett, director of the National Economic Council, confirmed that he has regular meetings with Federal Reserve Chairman Jerome Powell to discuss the US economy, while stressing the importance of maintaining the Fed's independence. Despite President Trump's known disdain for Powell, Hassett emphasized that the president's views are also considered in these discussions. The meetings aim to facilitate communication without compromising the central bank's autonomy. Hassett noted a decline in long-term interest rates, interpreting it as a signal that the market anticipates lower inflation. Inflation remains a critical concern, with the Consumer Price Index showing significant increases, particularly in essential goods. This approach mirrors practices from Trump's previous term, aiming for constructive dialogue rather than direct influence over monetary policy.