Hassett Denies Fed Role, Signals September Rate Cut Or Hold

NEC Chair Hassett rejects replacing Fed Governor Cook, citing enforcement issues. He indicates a potential rate cut or hold in September based on cooling inflation and supply-side strength.

Woofun AI reports that National Economic Council head Kevin Hassett denied replacing Federal Reserve Governor Lisa Cook, characterizing her potential removal as an "enforcement issue." He stated that if he were a Fed official, he would maintain current rates or cut them in September, citing strong supply-side forces and declining inflation. The White House has demanded Cook respond to mortgage application allegations by August 26, while her legal team calls the claims "baseless" and warns against undermining central bank independence.