WHITE HOUSE NEC’S HASSETT ON POWELL STAYING ON: DISAPPOINTED IN WHAT POWELL SAID || CAN'T DISCUSS WHETHER POWELL GAVE WHITE HOUSE HEADS-UP

Kevin Hassett, a White House economic adviser, expressed disappointment with Federal Reserve Chair Jerome Powell’s recent public comments, though he declined to specify whether Powell had provided advance notice to the administration. The remarks highlight growing tension between the White House and the Fed, potentially influencing market perceptions of central bank independence and policy continuity. This dynamic could affect Treasury yields and rate-sensitive assets if investors perceive increased political pressure on monetary policy, particularly through the lens of future rate decisions and inflation credibility. Markets may interpret such friction as raising the risk of premature policy shifts, weighing on long-end yields and the dollar. Traders will watch the next FOMC meeting and Powell’s upcoming public appearances for signals of unimpeded policy autonomy.

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