Inflation surged in Jun. amid tariffs
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Economic advisor Kevin Hassett argues Trump’s tariffs aren’t causing inflationPatriotism is now being used as an inflation control strategy by the White House, according to economic advisor Kevin Hassett, who on Monday told CNBC’s Squawk Box that Americans are choosing to buy more local products because of President Trump.
Kevin Hassett, Trump’s longest-serving economic adviser, is a leading contender to become the next Federal Reserve chairman, a position with significant influence over interest rates and the U.S. econ
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Kevin Hassett Defends Trump’s Leadership, Says Patriotism Is Keeping Inflation At BayWhite House Economic Advisor Kevin Hassett said on Monday that President Donald Trump’s tariffs are not leading to inflation because of "patriotism" buying. In an interview with CNBC, Hassett said there is a “lot of patriotism” in the data,
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US Treasury yields dropped Tuesday ahead of a key June inflation reportUS Treasury yields dropped Tuesday ahead of a key June inflation report. The 30-year yield edged down by more than a basis point to 4.958%, the 10-year yield also slipped by one basis point to 4.419%, while the 2-year held firm at 3.9%.
U.S. Treasury yields fell ahead of key inflation figures due Tuesday which may offer further insights into the Federal Reserve’s potential interest rate moves.
"The bottom line is that President Trump has produced a huge amount of tariff revenue with the tariffs we've seen in the first half of the year," National Economic Council Director Kevin Hassett said
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Kevin Warsh wants Trump to know about his rate cuts U-turn in hunt for Fed jobKevin Warsh, once known for fighting interest rate cuts with everything he had, now wants them. And he wants them fast. In an interview on Fox News, Kevin made it clear that the Federal Reserve needs to cut rates and start shrinking its $7.
Kevin Hassett, President Donald Trump’s longest-serving economic adviser, is a leading contender to become the next Federal Reserve chairman, a position with significant influence over interest rates and the US economy.
President Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday, and that the Fed “has a lot to answer for” on renovation cost overruns at its Washington headquarters.
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