White House Advisor Backs Rate Cut, Won't Replace Fed Governor Cook

Kevin Hassett rejects replacing Fed Governor Lisa Cook amid allegations, citing ongoing investigations. He supports maintaining rates or cutting them, citing easing inflation and strong supply-side growth.

Woofun AI reports that White House economic advisor Kevin Hassett stated he would not assume Federal Reserve Governor Lisa Cook's position if she were removed due to current allegations. Hassett emphasized that the charges remain under law enforcement investigation and expressed hope for her innocence, noting Cook has previously contested the Trump administration's removal attempts.

Regarding monetary policy, Hassett indicated he would favor maintaining current interest rates or implementing a cut if involved in decision-making. He cited easing U.S. inflation and robust supply-side growth momentum as factors creating room for a more accommodative policy environment.