Request for thoughts on Kevin Hassett as next potential Fed chair
Host
Analyst
Kevin Hassett seen by markets as candidate closest to administration views on interest rates, more dovish than current FOMC consensus
Analyst
Even if Hassett joins FOMC, he would need to convince other members to lower interest rates through democratic process
Question about balancing market respect for Fed independence with administration policy goals
Host
Analyst
Administration goal is to lower all interest rates, seeing them as economic constraint
Analyst
Aggressive rate cuts could backfire if markets become concerned about inflation and Fed credibility