NEC Director Hassett says respect independence of the Fed; Fed building renovation has dramatic cost overruns; plans look inconsistent with testimony, via CNBC

• Economy not booming because of the Fed.
• Does not know whether Trump approved of Fed probe.
• Still interested in Fed Chair job.
• Has not spoken to Powell about him staying on the board.

NEC Director Hassett's comments underscore the importance of preserving the Federal Reserve's independence amidst ongoing issues, such as cost overruns in Fed renovations. His remarks about the economy not booming due to Fed policies might lead to speculation on future monetary policy shifts and influence market perceptions of Fed credibility, potentially impacting equities and fixed income assets.