Washington — Director of the National Economic Council Kevin Hassett, who President Trump has said is on his shortlist to become the next chair of the Federal Reserve, said Sunday that the Federal Reserve's monetary policy "needs to be fully independent of political influence — including from President Trump."

"The fact is that we've looked at countries that have allowed the leaders to take over the central banks, and what tends to happen is that it's a recipe for inflation and misery for consumers," Hassett said on "Face the Nation with Margaret Brennan ."

The comments came after Mr. Trump said Friday that Hassett is among three candidates he's considering to replace Federal Reserve Chair Jerome Powell, whose term is up in 2026. Powell, has faced intense pressure from the president

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