Kevin Hassett, the former chairman of the Council of Economic Advisers, predicts another interest rate hike to lower rising inflation numbers.
The Federal Reserve will hike interest rates again, former White House economist Kevin Hassett said.
Fed Chair Jerome Powell warned last week that interest rates could be hiked again to get inflation down to its 2% benchmark. "The hiking is coming again," Kevin Hassett, former chairman of the Council of Economic Advisers under then-President Donald Trump, told CNBC's"Squawk Box."Sign up for NBC LA newsletters.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
White supremacy 'has no place in America,' White House says after Florida shootingWhite supremacy 'has no place in America,' White House spokesperson Karine Jean-Pierre said on Monday in the wake of what authorities describe as a racially-motivated killing of three Black people in Florida over the weekend.
Read more »
White House warns partisan impeachment inquiry would ‘backfire’ against House GOPThe White House on Monday warned that Republicans should back away from the push to launch an impeachment inquiry into President Joe Biden, saying such an exercise would “be a disaster” for the GOP politically.
Read more »
US House Financial Services members scold Fed’s Powell for stablecoin bill obstructionLeaders of the U.S. House of Representatives Financial Services Committee have sent a letter to Federal Reserve Chairman Jerome Powell to object to bank guidance on stablecoins.
Read more »
White House promotes Bidenomics on 60th anniversary of March on WashingtonPresident Biden is using the 60th anniversary of the March on Washington to promote his economic vision, arguing in an op-ed that Bidenomics is improving the lives of Black Americans.
Read more »