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Hassett: The Fed Still Has Plenty of Room to Cut Rates
On December 9, White House National Economic Council Director Hassett stated, “Benson does not want to take the position of Federal Reserve Chair. I will go wherever President Trump asks me to go. The Federal Reserve still has ample room to cut interest rates. I would list US Treasury Secretary Benson as my top choice for Federal Reserve Chair. President Trump is characterized by making decisions and then changing his mind. For the Federal Reserve Chair, the most important thing is to focus on the data. I will make interest rate decisions based on my judgment.” (Jin10)