Hassett Questions Fed Rate Hike, Slams 'Partisan' Central Bank

Kevin Hassett, director of the White House National Economic Council, has expressed concerns about the Federal Reserve's recent decision to raise interest rates. The Fed increased its benchmark rate by 25 basis points on September 16 to 3.75% to 4.00%, with a unanimous vote from the Federal Open Market Committee.

Hassett criticized the Fed's monetary policy decisions and broader direction, stating that Chair Kevin Warsh is leading an 'unusually partisan' central bank.