Popular candidate Hassett supports Fed's "expansion of responsibilities" critique, stating that independence and credibility are facing risks.

The Wise Financial and Economic App learned that Kevin Hassett, a popular candidate for the chairman of the Federal Reserve, said that the independence and credibility of the Federal Reserve are at risk because it is acting beyond its statutory duties. As a senior economic advisor to the White House, Hassett pointed out last Sunday, "The question is, whether the current central bank is maintaining independence and transparency as we would expect. I think there is controversy on this point."