Hassett: Setting the Federal Reserve's interest rate targets for the next six months in advance would be "irresponsible"
Jinse Finance reported that White House National Economic Council Director Kevin Hassett stated that it would be "irresponsible" for the Federal Reserve to set an interest rate target plan for the next six months in advance, emphasizing the importance of following economic data. In an interview with CNBC on Monday, Hassett said that the responsibility of the Federal Reserve Chair is to observe data, adjust policy, and explain the reasons behind their actions. Therefore, if someone says, "I will do this in the next six months," that is indeed irresponsible.
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