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Hassett says Fed made 'prudent call,' signaling White House OK with quarter-point cut
CNBC·2025-09-18 20:35

The Federal Reserve's decision to cut its key borrowing rate by a quarter percentage point seems to be sitting well with the White House, if National Economic Council Director Kevin Hassett is any indication.In a CNBC interview Thursday, the day after the Fed's move, Hassett noted that the administration, and new Fed Governor Stephen Miran, had been pushing for a bigger reduction. Miran, who is on leave as head of the Council of Economic Advisers, pushed for a half-point cut but was outvoted 11 to 1 on the ...