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Kevin Hassett, a former economic adviser to President Trump, has stated that the Federal Reserve should consider cutting interest rates instead of raising them, citing supply-side factors as the cause of current inflation. His comments come amid market expectations for rate hikes and a disappointing jobs report indicating a loss of payroll jobs in July.
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Kevin Hassett, a former economic adviser to President Trump, has stated that the Federal Reserve should consider cutting interest rates instead of raising them, citing supply-side factors as the cause of current inflation. His comments come amid market expectations for rate hikes and a disappointing jobs report indicating a loss of payroll jobs in July.
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