HASSETT RULES OUT REPLACING FED’S COOK White House economic adviser Kevin Hassett says he will not replace Fed Governor Lisa Cook if she is removed, calling the allegations against her a law-enforcement matter. Hassett said he hopes Cook is innocent as she challenges President Trump’s effort to remove her. On monetary policy, Hassett said he would either hold rates steady or cut, citing easing inflation and strong supply-side momentum.(*Walter Bloomberg)