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White House advisor stresses Fed's independence, warns political control can harm economy.
White House economic advisor Kevin Hassett stressed the importance of the Federal Reserve's independence from political influence, including from President Trump.
Hassett argued that political control over central banks can lead to inflation and consumer hardship.
This stance comes amid discussions about Hassett potentially becoming the next Fed chair.
He also supported a thorough review of the Federal Reserve’s policies and operations.
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Asesor de la Casa Blanca hace hincapié en la independencia de la Fed, advierte de que el control político puede dañar la economía.