COMPLETELY FALSE': Hassett REBUFFS claim that Fed independence is being attacked

• Treasury Secretary Bessent criticizes Jerome Powell's decision to remain on the Fed board after his chair term ends as 'highly unusual' and a 'violation of norms'.
• White House National Economic Council Director Kevin Hassett avoids predicting rate cuts but highlights positive economic data like solid GDP and low unemployment claims.
• Public sentiment indicates widespread dissatisfaction with current economic conditions, largely driven by high gas prices, though Hassett dismisses survey reliability.
• Hassett suggests future oil price relief could come from increased supply if Iran opens up and the UAE increases production, potentially bringing down gas prices.

The discussion covers Jerome Powell's controversial decision to remain on the Fed board, the future of interest rate cuts, and the current state of the U.S. economy, including public sentiment and gas prices. Treasury Secretary Bessent criticizes Powell's move, while Kevin Hassett highlights positive economic data and anticipates future oil price relief.