politics

NEC Director Hassett Says Jerome Powell Can Determine His Own Future

2 Ekim 2026Bloomberg
  • Kevin Hassett of the National Economic Council commented on Jerome Powell's continued role at the Fed, stating the decision is Powell's alone.
  • Kevin Hassett, the National Economic Council Director, highlighted the unusual situation of Jerome Powell remaining on the Federal Reserve Board of Governors after his replacement as chairman. When questioned about whether Powell should resign, Hassett stated that the decision is ultimately Powell's to make.
  • This remark raises questions about the dynamics within the Federal Reserve and Powell's future role.
  • Jerome Powell was replaced as chairman of the Federal Reserve, a position that typically comes with a clear transition of power. However, his ongoing membership on the Board of Governors is a rare occurrence that could impact the Fed's operations and decision-making processes.
  • Hassett's comments underscore a significant shift in the Federal Reserve's leadership dynamics, suggesting that Powell's continued presence could influence the central bank's policy direction. The decision for Powell to remain or depart may reflect broader strategic considerations within the Fed, especially as it na…
NewsAI özeti
“It's up to him.”

This article is for informational purposes only and does not constitute financial advice.