Top White House Economist Points to 1.6% Inflation as Evidence the Fed Doesn’t Need Higher Rates
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The post Top White House Economist Points to 1.6% Inflation as Evidence the Fed Doesn’t Need Higher Rates appeared first on 24/7 Wall St..
In a September 4 Bloomberg interview, National Economic Council Director Kevin Hassett argued that the U.S. economy is expanding quickly without generating inflation. This suggests that factory investment and AI-driven productivity could let the economy expand rapidly without forcing the Federal Reserve to raise interest rates due to inflation. Currentl
In a September 4 Bloomberg interview, National Economic Council Director Kevin Hassett argued that the U.S. economy is expanding quickly without generating inflation. This suggests that factory investment and AI-driven productivity could let the economy expand rapidly without forcing the Federal Reserve to raise interest rates due to inflation. Currentl
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