Hassett Says Trump Did Not Provide Advice to the Federal Reserve

The Director of the National Economic Council at the White House, Hassett, stated that Trump did not provide any advice to the Federal Reserve. Hassett mentioned that the U.S. will immediately feel the impact of future prices, emphasizing respect for the independence of the Federal Reserve and stating that all efforts are being made to lower prices. He pointed out that raising interest rates is considered an option and described high oil prices as a short-term phenomenon.

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