White House Expects Productivity to Allow Fed Rate Cuts
White House economic adviser Kevin Hassett stated today that rising productivity should allow the Federal Reserve to lower interest rates. He expects nominee Kevin Warsh to implement cuts if confirmed as chair.
Xurve View
Xurve View
White House economic adviser Kevin Hassett stated on Monday that he expects increased productivity in the United States economy to create a pathway for the Federal Reserve to lower interest rates. During an appearance on CNBC, Hassett explained that gains in efficiency could allow for a more relaxed monetary policy without triggering inflationary concerns.
