Fed chair hopeful Kevin Hassett says FOMC sets rates, amid CPI 3% and PCE 2.8% debate

On December 14, 2025, Fed chair contender Kevin Hassett said interest‑rate decisions would remain with the FOMC, even if he becomes chair, and that a president's views carry no formal weight. He addressed inflation data discussed in the interview—CPI up 3% year over year and PCE up 2.8%—and highlighted item‑level shifts in drugs, gas, eggs, and groceries.