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Hassett: The latest CPI report is surprisingly good; the Fed has significant room to cut interest rates.

Hassett: The latest CPI report is surprisingly good; the Fed has significant room to cut interest rates.

Cointime2025/12/18 15:36
By: Cointime
RSR-2.32%

 on Thursday, White House National Economic Council Director Hassett welcomed the November CPI report, stating that the U.S. economy is showing high growth and declining inflation. He said: "I'm not saying we should declare victory on prices, but this is a surprisingly good CPI report." Hassett said that wage growth is faster than price growth, U.S. taxpayers will see large tax refunds next year, and the government will help reduce mortgage rates. He said: "The Federal Reserve has a lot of room to cut interest rates." Hassett is a leading candidate to succeed Powell as the next Federal Reserve Chair. He also stated that the Federal Reserve should be more transparent in the future. "I think the Federal Reserve must double its transparency. Whoever leads the Fed should lay all their cards on the table so that we can understand what exactly is happening at that institution."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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