US’ NEC Director Hasset: Having regular meetings with Fed Chair Jerome Powell

Kevin Hassett, Director of the US National Economic Council (NEC), revealed in an interview with CBS' Face The Nation early Monday he is having regular meetings with Federal Reserve (Fed) Chairman Jerome Powell.

Additional takeaways

Denied that these meetings were intended to influence interest rates, emphasizing that Powell's independence is respected, though the president’s views can still be voiced.

Long-term interest yields have declined, citing the 40 bp drop in 10-year Treasury yields, says it's a sign the market expects lower inflation.