PANews reported on December 7th that, according to Jinshi News, National Economic Council Director Hassett stated that unless some kind of "black swan" disruption occurs, "we are going to have a golden year in economic history." He added that he would be "disappointed" if growth in the first and second quarters of next year is only 3%. "The growth rate could easily be another percentage point higher." Furthermore, Hassett reiterated his expectation that Federal Reserve policymakers will lower interest rates at next week's meeting. "Now is a good time for the Fed to cautiously cut rates again."PANews reported on December 7th that, according to Jinshi News, National Economic Council Director Hassett stated that unless some kind of "black swan" disruption occurs, "we are going to have a golden year in economic history." He added that he would be "disappointed" if growth in the first and second quarters of next year is only 3%. "The growth rate could easily be another percentage point higher." Furthermore, Hassett reiterated his expectation that Federal Reserve policymakers will lower interest rates at next week's meeting. "Now is a good time for the Fed to cautiously cut rates again."
Hassett: Unless there is a "black swan" event, the United States will usher in a golden year in economic history.
PANews reported on December 7th that, according to Jinshi News, National Economic Council Director Hassett stated that unless some kind of "black swan" disruption occurs, "we are going to have a golden year in economic history." He added that he would be "disappointed" if growth in the first and second quarters of next year is only 3%. "The growth rate could easily be another percentage point higher." Furthermore, Hassett reiterated his expectation that Federal Reserve policymakers will lower interest rates at next week's meeting. "Now is a good time for the Fed to cautiously cut rates again."
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