National Economic Council Director Kevin Hassett appears on CNBC to discuss the current status of the Trump economy. Obviously, the first question to Hassett surrounds the announcement by Fed Chairman Jerome Powell that he is under a grand jury investigation.
Director Hassett rightly notes the DOJ is independently investigating the issues of Powell as a result of both a Senate Banking Committee (Tim Scott) and House criminal referral for misleading and false testimony related to the construction of the FED building in Washington DC. Both the decisions by the Federal Reserve and the Dept of Justice are not outcomes of President Trump’s decision making. Secondly, Hassett us considered a candidate to replace Powell in May, so it would be inappropriate for him to make any comments. WATCH:
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“FED Chair?”
