Kevin Hassett on Fed Governor Lisa Cook's Accusations and India Tariffs

Lisa Cook's Accusations and Potential Leave

• 🎯 Kevin Hassett believes Fed Governor Lisa Cook should take leave due to serious accusations regarding mortgage forms.
• 💡 Hassett suggests that if he were in her position, he would either deny the accusations if untrue or take leave until the matter is resolved.
• ⚠️ The refusal to take leave, in Hassett's view, suggests a partisan stance, which is contrary to the Federal Reserve's intended impartiality.
• 🏛️ Hassett acknowledges that the President has the authority to fire a Fed governor for cause.

Investigation and Replacement

• 🔍 Hassett's understanding is that the accusations against Lisa Cook have been handed off to the Justice Department for investigation.
• 📌 The decision on who would replace her, should she leave, would ultimately be up to the President.

India Tariffs and Trade Negotiations

• 🤝 Hassett describes the relationship with India as complicated, with trade negotiations facing a stall.
• 🌍 He notes that trade issues are intertwined with broader geopolitical goals, such as applying pressure on Russia to achieve a peace deal.
• 📈 Hassett emphasizes the need to maintain a long-term perspective in trade negotiations, acknowledging that there will be ups and downs before a final agreement is reached.
• ⚖️ He suggests that if India does not make concessions, President Trump will likely not budge on his stance regarding tariffs.