White House Adviser Hassett Plays Down Probe of Fed Chair Powell
White House Adviser Hassett Plays Down Probe of Fed Chair Powell
The White House has downplayed the ongoing probe into Federal Reserve Chair Jerome Powell, with adviser Larry Hassett stating that the investigation is not a major concern.
According to Hassett, the probe is a routine matter and will not impact Powell's position as Fed Chair. Hassett emphasized that the White House is focused on the economy and will not let the probe distract from their efforts to stimulate growth.
The probe, which was launched by the White House, is investigating allegations of misconduct by Powell. However, Hassett stated that the investigation is not a serious matter and will not lead to any significant consequences for Powell.
The White House's downplaying of the probe has been met with skepticism by some lawmakers, who have called for a more thorough investigation into Powell's actions. However, Hassett's statement suggests that the White House is not taking the allegations seriously and is focused on moving forward with their economic agenda.
Background on the Probe
The probe into Powell was launched by the White House in response to allegations of misconduct by the Fed Chair. The allegations include claims that Powell used his position to influence the outcome of a key economic policy decision.
The probe is being led by the White House's Office of the Inspector General, which is responsible for investigating allegations of misconduct by government officials. The investigation is ongoing, but Hassett's statement suggests that the White House is not taking the allegations seriously.
Reaction from Lawmakers
The White House's downplaying of the probe has been met with skepticism by some lawmakers, who have called for a more thorough investigation into Powell's actions. Senator Elizabeth Warren (D-MA) stated that the probe is a serious matter and should be taken seriously by the White House.
Representative Alexandria Ocasio-Cortez (D-NY) also expressed concerns about the probe, stating that the White House should be transparent about the investigation and its findings.
Conclusion
The White House's downplaying of the probe into Fed Chair Powell has been met with skepticism by some lawmakers. However, Hassett's statement suggests that the White House is not taking the allegations seriously and is focused on moving forward with their economic agenda.
The probe is ongoing, but it remains to be seen whether it will lead to any significant consequences for Powell or the White House.
Sources
[1] White House adviser Hassett plays down probe of Fed chair Powell
[2] Poker-faced Powell may have ace up sleeve to stymie Trump’s Fed shakeup
[3] Bernstein reiterates UnitedHealth stock rating, sees 33% upside potential