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Karoline Leavitt Asked About Trump's Economic Advisor Saying Fed Independence 'Is Super Important'
Forbes Breaking News
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8 months ago
During a press briefing on Tuesday, White House Press Secretary Karoline Leavitt was asked about Trump's economic advisor, Kevin Hassett, saying the independence of the Federal Reserve is 'super important' in 2022.
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00:00
You're welcome. John.
00:01
The Press. Thanks a lot, Carolina.
00:02
Some economic questions for you.
00:04
Kevin Hassett has been a key economic advisor to the
00:07
President in both of his terms.
00:09
In 2022 —
00:10
Ms. And he still is.
00:11
The Press. And he still is.
00:12
Ms. He was just in my office.
00:13
The Press. Absolutely.
00:14
In 2022, he said that the independence of the Fed is
00:18
super important.
00:19
That's a direct quote.
00:20
Is that something that the President subscribes to?
00:22
Does he still believe in the independence of the Federal
00:25
Reserve?
00:26
Ms. Well, look, I think the President has made his
00:28
attention on the Fed and on Powell quite clear.
00:32
The President believes that they have been making moves and
00:36
taking action in the name of politics rather in the name of
00:39
what's right for the American economy.
00:41
The President has the right to express his displeasure with
00:44
the Fed, and he has the right to say he believes interest
00:47
rates should be lower.
00:49
He believes Americans should be able to borrow money cheaper
00:51
than they currently are right now.
00:53
And I also spoke to Kevin Hassett about the Fed as well,
00:56
and he has called into question the Fed's independence
00:59
and whether they are actually doing things, again,
01:01
out of the best interest of the economy,
01:03
or are they doing it for partisan reasons.
01:06
The President wants to see interest rates lower.
01:08
He has made that quite clear.
01:10
We've also seen, if I may, I just, I'm sorry,
01:12
one more, Kara.
01:13
I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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I'm sorry.
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