Trump economic adviser Hassett calls for Powell to leave Federal Reserve board

Crypto.News reported that Kevin Hassett, director of the National Economic Council and President Trump's chief economic adviser, said on Fox News' Sunday Morning Futures that it was time for Jerome Powell to leave the Federal Reserve board and to respect the independence of the Fed. Crypto.News said Hassett was reacting to an internal watchdog report that cited management failures tied to the renovation of the Fed's Washington headquarters, and it cited Bloomberg as reporting the same remarks. Powell gave up the chair role in May but remains a voter at the Federal Open Market Committee, so his departure from the board would give Trump another governor nomination. The call came weeks after Fed officials raised interest rates for the first time in three years, a move Crypto.News places in September. Crypto.News reported that markets cut expectations for another October increase after weak September payroll data while a later hike stayed possible, and that Bitcoin has recovered since the September hike on renewed spot ETF inflows even with high Treasury yields. The same outlet said any gain for Bitcoin would turn on whether a successor changes expectations for rates rather than on Powell's departure alone. No outlet besides Crypto.News has covered the call, and no response from the Fed or Powell appears in the evidence.