White House National Economic Council Director Kevin Hassett said that President Donald Trump and Federal Reserve Chairman Kevin Walsh often discuss the economy. The White House's top economic adviser's statement on Friday further revealed the content and scope of Walsh's Mandarin conversation with Trump since taking office as chairman of the Federal Reserve in May. Hassett said he was not involved in these calls, but insisted that he was “convinced” that the president would not pressure the Federal Reserve chairman over interest rate decisions. “Kevin Walsh and the President have had a very close relationship for a long time. They both have dealings in New York and Florida, and they always discuss the economy,” Hassett said in an interview. “I also communicate with Kevin, and so does Scott Bessent, so this isn't really news.” Hassett said Trump “respects the independence of the Federal Reserve.” Successive presidents and the chairman of the Federal Reserve have also spoken and met, but this is not common. Normally, the main point of contact between the Federal Reserve Chairman and the government is the Treasury Secretary, and the two have breakfast together almost every week. The chairman of the Federal Reserve also regularly communicates with the director of the National Economic Council. “The truth is that now the Federal Reserve has a president who is 100% sure that he will make the right decisions based on data without playing partisan politics,” Hassett said.

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