Hassett Calls for Fed Balance Sheet to Be ‘as Lean as Possible’

Feb. 1, 2026, 5:41 PM UTC

The Federal Reserve should focus on getting its balance sheet “as lean as possible,” President Donald Trump’s economic adviser Kevin Hassett says on Fox News’ Sunday Briefing.

  • Fed should focus on its job, which is financial stability, lower interest rates, lower unemployment and lower inflation, Hassett says
    • Fed should do that in an “old-fashioned way, quietly,” he says
  • Trump’s Fed chair pick, Kevin Warsh, is the “right person at the right time,” says Hassett, who was among contenders.
    • Warsh is data-driven, independent person, Hassett says
  • If data change a lot and inflation goes higher suddenly, there won’t ...









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