White House National Economic Council Director Kevin Hassett said the Federal Reserve has “plenty of room to cut interest rates.” When asked by the interviewer if this meant more than 25 basis points, Hassett replied, “Yes.” When asked about the bond market, Hassett said that the most important duty of the Federal Reserve Chairman is to pay attention to economic data and avoid getting involved in politics.

White House National Economic Council Director Kevin Hassett said the Federal Reserve has “plenty of room to cut interest rates.” When asked by the interviewer if this meant more than 25 basis points, Hassett replied, “Yes.” When asked about the bond market, Hassett said that the most important duty of the Federal Reserve Chairman is to pay attention to economic data and avoid getting involved in politics.