White House Economic Advisor Criticizes Fed’s Rate Decisions

Kevin Hassett, Director of the White House National Economic Council, voiced his concerns about the Federal Reserve’s recent interest rate cuts. He believes the central bank might be influenced by political agendas and suggests that its actions could be seen as a tool for partisan maneuvering. Furthermore, Hassett argued that if the U.S. government were to adopt a more active approach, it could stimulate economic recovery.