Trump and Fed Chair Warsh Talk 'All the Time,' Hassett Says

Summary

Kevin Hassett, National Economic Council Director, discusses President Trump's close communication with Fed Chair Kevin Warsh, emphasizing that Trump respects Fed independence and does not dictate interest rate policy. Hassett says the two talk about the economy regularly and that Trump is confident Warsh will act based on data, not partisan games. The conversation also touches on the labor market's stability and a hypothetical rate hike scenario, but no investment views are offered.

• Hassett confirms frequent economic discussions between Trump and Fed Chair Warsh.
• Trump is said to fully respect Fed independence and not pressure on rates.
• Labor market described as stable, allowing Fed to focus on inflation.
• A September rate hike scenario is raised as a hypothetical by the host.
• Hassett states Trump would respect any Fed rate decision.
• The discussion includes mention of higher oil prices as an input, but no trade call.
• No specific investment recommendations or asset views are given.