FILE PHOTO: Federal Reserve Board Chairman Jerome Powell speaks during his news conference after a Federal Open Market Committee meeting in Washington, U.S., December 19, 2018. REUTERS/Yuri Gripas
WASHINGTON (Reuters) – U.S. Federal Reserve Chairman Jerome Powell’s job is not in jeopardy, White House economic adviser Kevin Hassett said on Wednesday, following President Donald Trump’s repeated criticism of the central bank and Powell for raising interest rates.
Asked by reporters at the White House if Powell’s job was safe, Hassett said: “Yes, of course, 100 percent.” Asked again if Powell’s job was not in jeopardy from Trump, Hassett said: “Absolutely.”
Reporting by Makini Brice; Writing by Mohammad Zargham; Editing by Chizu Nomiyama