White House National Economic Council Director Kevin Hassett stated in an interview, "If I were on the Federal Reserve right now, I would choose to keep interest rates unchanged or cut them, because supply-side momentum is very strong."
He noted that recent reports indicate inflation is declining.
Hassett added, "If I were to take any subsequent action, I would want to see more months like the ones we've just witnessed."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments