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Hassett: Imai's dialogue is not meaningless; Powell is not expected to remain as a board member.
ME News, April 14 (UTC+8): Hasett, Director of the White House National Economic Council, believes that the U.S.-Iran dialogue is not without meaning, and that the U.S. is working with Iran on a potentially major agreement. Despite the outbreak of war, he still expects the U.S. economy to maintain 4% to 5% growth this year. Regarding the policy agenda, he hopes the reconciliation bill can be completed before June and plans to study a second reconciliation bill in the fall. Concerning Federal Reserve personnel issues, he expects the Walshearing to be held next week as scheduled and is confident that Walsh will take office as Federal Reserve Chair in May, while also expecting Powell not to remain as a Federal Reserve governor. Hasett emphasized that interest rates should be lower, and that the Fed’s balance sheet reduction should be gradual. (Source: Jin10)