Trump team hopes positive IG report cues low-drama Powell exit
National Economic Council Director Kevin Hassett expressed hope Monday that there is an off-ramp for Federal Reserve Chairman Jerome Powell to peacefully exit the central bank.
TL;DR
- Kevin Hassett hopes for a peaceful exit for Federal Reserve Chairman Jerome Powell.
- Powell's term as chairman ends Friday, but he intends to remain a board member pending an investigation.
- The investigation into Powell concerns his oversight of the Federal Reserve building renovation.
- Hassett believes a positive Inspector General report could prompt Powell's departure.
- Hassett expressed confidence in Kevin Warsh, Trump's nominee to replace Powell, to create a less politically conflict-prone environment.