In accordance with Blockbeats, on December 9, Kevin Hassett, Director of the National Economic Council, stated that it would be 'irresponsible' for the Federal Reserve to pre-set interest rate targets for the next six months, emphasizing the importance of following economic data. Hassett told CNBC on Monday, 'The Fed chair's job is to observe data, adjust policy, and explain the reasons behind actions, so if someone says, 'This is what I will do in the next six months,' that is indeed irresponsible.'
Hassett: Pre-setting Fed's interest rate targets for next six months would be 'irresponsible'
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