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Hawkish: It would be "irresponsible" for the Fed to precommit to its interest rate path for the next six months
BlockBeats News, December 9th, White House National Economic Council Director Kevin Hassett stated that it would be "irresponsible" for the Federal Reserve to set a target for interest rates in the next six months in advance, emphasizing the importance of following economic data.
Hassett said in an interview with CNBC on Monday, "The Fed chair's job is to observe data, adjust policy, and explain the reasons behind its actions, so if someone says, 'I will do this in the next six months,' that is indeed irresponsible."
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