Kevin Hassett: Will not replace Federal Reserve Governor Cook, supports rate cut stance

White House economic advisor Kevin Hassett has stated that if Federal Reserve Governor Lisa Cook is removed from her position due to related allegations, she will not take over her position. Kevin Hassett stated that the allegations against Lisa Cook are a matter of law enforcement investigation and expressed the hope that Lisa Cook is innocent. Kevin Hassett stated that if he were to participate in decision-making, he would prefer to maintain the current interest rate level or implement a rate cut. Kevin Hassett believes that US inflation is easing, while supply side growth momentum remains strong, providing space for a more relaxed policy environment.