Top Fed Chair Contender Hassett: CPI Report "Shockingly Good", Fed Has Ample Room to Cut Rates

Deep News05:18

White House economic adviser Kevin Hassett hailed the latest Consumer Price Index (CPI) report on Thursday, stating the U.S. economy is demonstrating high growth with low inflation. In an interview, he remarked:

"I'm not saying we can declare victory on prices yet, but this CPI report is shockingly good. Wage growth has outpaced price increases, American taxpayers will receive substantial refunds next year, and the government will help push mortgage rates lower."

"The Fed has significant room to cut interest rates."

As one of the leading candidates to replace current Fed Chair Jerome Powell, Hassett also advocated for greater transparency at the central bank:

"I believe the Fed needs to be 100% more transparent than it is today. Whoever serves at the Fed should lay all cards on the table so we can truly understand what's happening inside the institution."

During a prime-time national address on Wednesday, U.S. President Donald Trump promised economic improvements next year, citing his tax cuts, tariff policies, and plans to replace Powell. Trump is expected to announce Powell's successor early next year.

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Comments

  • Eric 888
    05:37
    Eric 888
    It's time for A Good Start 2026
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