White House economic adviser says he expects there is ‘nothing to see’ in investigation into Powell – US politics live

Kevin Hassett, chair of White House economic council, downplays inquiry into Fed building cost overrunsKevin Hassett, chair of the White House economic council, said that he expects there is “nothing to see here” when it comes to the ongoing criminal investigation of Federal Reserve chair Jerome Powell by the justice department. In an interview with Fox News, Hassett said that he wishes the Fed had been “more transparent” when it comes to Powell’s congressional testimony about the ongoing renovations to the central bank that are at the heart of the probe.Hassett, who is a contender for the top job at the Fed when Powell leaves the role in May, said that, if offered, he would take the job with a commitment to “independence and transparency”. Continue reading...