Trump’s director of the National Economic Council regularly ‘meeting’ with Fed’s Powell Eamonn Sheridan Forexlive RSS Breaking News Feed

Kevin Hassett is Trump’s director of the National Economic Council.

Hasset spoke in an interview with CBS’ Face The Nation.

• He revealed that he is having regular meetings with Federal Reserve chairman Jerome Powell.
• Hassett denied that these meetings were intended to influence interest rates, emphasizing that Powell’s independence is respected, though the president’s views can still be voiced.
• Hasset said long-term interest yields have declined, citing the 40 bp drop in 10-year Treasury yields, says it’s a sign the market expects lower inflation

This article was written by Eamonn Sheridan at www.forexlive.com.Kevin Hassett is Trump’s director of the National Economic Council.Hasset spoke in an interview with CBS’ Face The Nation.He revealed that he is having regular meetings with Federal Reserve chairman Jerome Powell. Hassett denied that these meetings were intended to influence interest rates, emphasizing that Powell’s independence is respected, though the president’s views can still be voiced. Hasset said long-term interest yields have declined, citing the 40 bp drop in 10-year Treasury yields, says it’s a sign the market expects lower inflation

This article was written by Eamonn Sheridan at www.forexlive.com.  Read MoreCentral Banks 

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