Hashet: Yimei's dialogue is not meaningless; Powell is not expected to remain as a board member.

ME News report: On April 14 (UTC+8), White House National Economic Council Director Hassett said that the dialogue between the U.S. and Iran is not meaningless, 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 growth of 4% to 5% 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. On the issue of Federal Reserve personnel, he expects the Walsh hearing to be held next week as scheduled and is confident that Walsh will become Federal Reserve Chair in May, while also expecting Powell not to remain a member of the Federal Reserve Board. Hassett emphasized that interest rates should be lower, and that the Fed’s balance sheet reduction should be carried out gradually. (Source: Jin10)