1 of 1
Story summary
- Kevin Hassett, Director of the National Economic Council, criticized the Fed for slow rate cuts despite 4.3% growth.
- He attributed growth to tariffs by U.S. President Donald Trump, reducing the trade deficit.
- He said the artificial intelligence boom is contributing to growth and lowering inflation.
- He noted that consumer sentiment does not always align with economic data.
- He referenced a forthcoming housing plan and urged decisive Fed action on rates.
