Kevin Hassett Questions Fed Rate Hike, Says Warsh Leads an Unusually Partisan Fed
Summary
- Kevin Hassett said he questions the Federal Reserve’s recent rate hike decision.
- The Fed raised its benchmark rate by 25 basis points on September 16 to 3.75% to 4.00%, and said the decision was unanimous at the FOMC.
- Hassett said Fed Chair Kevin Warsh is leading an “unusually partisan” Federal Reserve.
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Kevin Hassett, director of the White House National Economic Council, questioned the Federal Reserve’s recent decision to raise interest rates.
Walter Bloomberg reported on September 23 that Hassett had raised doubts about the Fed’s latest rate increase and argued that Fed Chair Kevin Warsh is leading an “unusually partisan” central bank.
The Fed raised its benchmark rate by 25 basis points on September 16 to 3.75% to 4.00%. The decision was unanimous at the Federal Open Market Committee, or FOMC.
Hassett criticized the Fed’s monetary policy decisions and broader policy direction. He did not specify in those remarks what he considered partisan.
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