Karoline Leavitt Asked About Trump's Economic Advisor Saying Fed Independence 'Is Super Important'

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During a press briefing on Tuesday, White House Press Secretary Karoline Leavitt was asked about Trump's economic advisor, Kevin Hassett, saying the independence of the Federal Reserve is 'super important' in 2022.

Transcript

00:00You're welcome. John.

00:01The Press. Thanks a lot, Carolina.

00:02Some economic questions for you.

00:04Kevin Hassett has been a key economic advisor to the

00:07President in both of his terms.

00:09In 2022 —

00:10Ms. And he still is.

00:11The Press. And he still is.

00:12Ms. He was just in my office.

00:13The Press. Absolutely.

00:14In 2022, he said that the independence of the Fed is

00:18super important.

00:19That's a direct quote.

00:20Is that something that the President subscribes to?

00:22Does he still believe in the independence of the Federal

00:25Reserve?

00:26Ms. Well, look, I think the President has made his

00:28attention on the Fed and on Powell quite clear.

00:32The President believes that they have been making moves and

00:36taking action in the name of politics rather in the name of

00:39what's right for the American economy.

00:41The President has the right to express his displeasure with

00:44the Fed, and he has the right to say he believes interest

00:47rates should be lower.

00:49He believes Americans should be able to borrow money cheaper

00:51than they currently are right now.

00:53And I also spoke to Kevin Hassett about the Fed as well,

00:56and he has called into question the Fed's independence

00:59and whether they are actually doing things, again,

01:01out of the best interest of the economy,

01:03or are they doing it for partisan reasons.

01:06The President wants to see interest rates lower.

01:08He has made that quite clear.

01:10We've also seen, if I may, I just, I'm sorry,

01:12one more, Kara.

01:13I'm sorry.

01:14I'm sorry.

01:15I'm sorry.

01:16I'm sorry.

01:17I'm sorry.

01:18I'm sorry.

01:19I'm sorry.

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01:24I'm sorry.

01:25I'm sorry.

01:26I'm sorry.

01:27I'm sorry.

01:28I'm sorry.

01:29I'm sorry.

01:30I'm sorry.

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01:32I'm sorry.

01:33I'm sorry.

01:34I'm sorry.

01:35I'm sorry.

01:36I'm sorry.

01:37I'm sorry.

01:38I'm sorry.

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