ChainCatcher news, according to JIN10, White House National Economic Council Director Hassett stated that it would be irresponsible for the Federal Reserve to announce its interest rate path for the next six months in advance, emphasizing that monetary policy should be adjusted flexibly based on economic data. He praised current Chairman Powell for effectively coordinating internal FOMC opinions before meetings, and said that Powell may agree with the view of continuing to lower interest rates.
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Hassett: The Fed should not pre-announce the future rate path and needs to adjust based on data.
ChainCatcher news, according to JIN10, White House National Economic Council Director Hassett stated that it would be irresponsible for the Federal Reserve to announce its interest rate path for the next six months in advance, emphasizing that monetary policy should be adjusted flexibly based on economic data. He praised current Chairman Powell for effectively coordinating internal FOMC opinions before meetings, and said that Powell may agree with the view of continuing to lower interest rates.