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Nick Timiraos, chief economics correspondent at Wall Street Journal, reports that Kevin Hassett told Fox’s Maria Bartiromo it would be a "macroeconomic mistake" for the Federal Reserve to raise interest rates.
Hassett also implied that Warsh does not want to tighten monetary policy, but faces a divided committee. He further suggested that officials at the Fed who support tightening may be personally motivated.
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Timiraos has previously noted the Federal Reserve’s shift from rate cut discussions to considering a hike during Kevin Warsh’s first meeting as chair here. He also reported that Federal Reserve vice chair Michelle Bowman recently attended a private Bank of America client dinner in New York after a key policy decision here. These events have drawn attention to internal debates and official engagements at the Fed.