Fed chair candidate Hassett vows to resist White House pressure

Kevin Hassett, Director of the White House National Economic Council (NEC) and a potential candidate for the next U.S. Federal Reserve Chair, has stated that he would not be swayed by any attempts from President Donald Trump to influence the central bank's policy. Speaking in an interview with CBS's Face the Nation, Hassett emphasized that the Fed's role is to maintain its independence and build a consensus on the direction of interest rates among the members of its Board of Governors and the Federal Open Market Committee (FOMC). He added that this process must be conducted under the leadership of the Fed Chair.