Hassett Refutes Moody's Downgrade of US Rating, Calls US Debt the "Safest Investment"
According to ChainCatcher, as reported by Jinshi, the Director of the U.S. National Economic Council, Hassett, criticized Moody's decision to downgrade the U.S. credit rating, calling it an outdated view, and stated that the Trump administration is committed to reducing federal spending.
Hassett stated: "There is no doubt that U.S. Treasury bonds are the safest investment on earth. No country's (bonds) make me more willing to hold than U.S. Treasuries, so Moody's can do whatever it wants." Hassett added: "This is a retrospective approach, punishing us for the Biden administration's reckless spending."
Hassett also stated: "We are cutting spending, we are deregulating. We have supply-side growth, so we have every reason to believe that we will have the best economy in the world. If you have the best economy in the world, you will also have the best debt in the world. That's my assessment of it."
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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