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flag White House advisor stresses Fed's independence, warns political control can harm economy.

flag White House economic advisor Kevin Hassett stressed the importance of the Federal Reserve's independence from political influence, including from President Trump. flag Hassett argued that political control over central banks can lead to inflation and consumer hardship. flag This stance comes amid discussions about Hassett potentially becoming the next Fed chair. flag He also supported a thorough review of the Federal Reserve’s policies and operations.

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