Hassett: Willing to lead the Fed, he will definitely initiate larger interest rate cuts.

Kevin Hassett, director of the National Economic Council, said he has informed President Trump that he would accept the nomination to succeed Jerome Powell as Federal Reserve Chairman. He also emphasized that he prefers a larger interest rate cut when monetary policymakers meet in December. Hassett made it clear that if appointed chairman, he will push for a comprehensive overhaul of the Fed's research system. Hassett stated, "If I were to lead the Fed, hiring world-class forecasting experts who truly build non-linear time series models would be a wise investment. I believe a leader with this understanding will help the Fed achieve better development." (Jinshi)