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🚨Big lineup this weekend on Sunday Morning Futures with @MariaBartiromo ⬇️ #KevinHassett# @SteveHiltonx @SenMcCormickPA @berniemoreno @mirandadevine @LeeSmithDC Don’t miss it—Sunday 10AM ET on @FoxNews 📺
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Don’t miss it—tomorrow morning ☀️ Big names join @MariaBartiromo on Sunday Morning Futures. #KevinHassett# @SteveHiltonx @SenMcCormickPA @berniemoreno @mirandadevine @LeeSmithDC Tune in Sunday 10AM ET on @FoxNews 📺
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Today, exclusively on @SundayFutures with @MariaBartiromo, National Economic Council Director Kevin Hassett #KevinHassett# spoke about the resilience of the U.S. Economy. @FoxNews
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Kevin Hassett has said: "The affordability crisis is a myth"
Kevin Hassett questions why the Fed is raising rates, says it is due to an “unusually partisan Fed” and says the “market is worried, too,” about a Fed that is going to be “hiking unwisely”: “When I'm thinking about what future inflation is, then I look at the last three months of core.... When you annualize it, you know what the number is? 2%.... Right now I think that markets believe in future Fed credibility, but I think the argument that I would make if I were a governor is that if core is 2%, then why are we hiking?” “The other thing about the Fed, and you know how long I've been close friends with Kevin Warsh…, he's managing an unusually partisan Fed. That is a hard thing to do, but it can start with [Michael] Barr and Jay [Powell] not resigning. If you go back to 1913, when chairmen, when their term is up, they leave. The same has been true for vice chairs… So why are they sticking around if not to worry about what the future Fed is going to do?” “Geez, it seems like right now the data are saying we are heading in this forward direction and the Fed goes in the other direction, I'm worried about why they did that. I think the market is worried too because if you look today, then a lot of the people who weren't appointed by President Trump are giving speeches over the last couple of days saying we need a lot more hikes. And if they are going to be in control for two or three years, so if the short-term rate goes to 6% because they are hiking unwisely and then they keep it there for two or three years, the two-year rate, because of arbitrage conditions, it's going to be that. And so I think there is still some work to do to restore Fed independence. And I know that that is something that is high on the priority list for Kevin.” Source: Financial Markets Quality Conference at Georgetown's Psaros Center on 9/23:
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Kevin Hassett, NEC Director, speaking on CNBC’s Squawk Box about the Federal Reserve: "Non-economic thinking there is a thing of the past." #economy# #federalreserve# #markets# @CNBC @SquawkCNBC
Kevin Hassett tells Fox's Maria Bartiromo that it would be a "macroeconomic mistake" for the Fed to raise rates, and he implies that • Warsh doesn't want to tighten policy but faces an unruly committee that might disagree • That Fed officials who want to tighten are motivated by their dislike of President Trump Transcript: "Chairman Warsh has said over and over that he believes, as I believe, as you probably believe, that we're at a supply-driven boom, both because we've got A.I. and because we've got all these supply side tax cuts for labor, with the no tax on overtime, no tax on tips, and so on, and so in that backdrop, it's just a macroeconomic mistake to raise rates. "We trust that the Fed will be data dependent, and that if they think they're going to see inflation numbers that are through the roof that are going to make them really have to raise rates, well, they're going to be proven wrong. But we'll see what the data have to say... "And I'm concerned with Jay Powell's staying [on the Fed's board] that there's a majority of people over at the Fed that are not necessarily going to be voting because they're patriotic, but rather because they want to get Trump. And we're going to have to keep a close eye on that, and you can bet it's not going to be Kevin Warsh's fault, but he's got to herd some cats over there, and it's a really difficult job." Source: Fox Business Network's "Mornings With Maria"
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JUST IN: Kevin Hassett says there's "plenty of room" for data center growth to continue
White House economic director Kevin Hassett says there is plenty of room for data center growth to continue, and that Trump respects localities that don't want data centers, per CNBC
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