Hassett’s Core Argument: Cut Rates Now, Cut Them Fast Kevin Hassett, the current National Economic Council Director and a top contender to replace Jerome Powell as Fed Chair, recently told CNBC that the Federal Reserve is moving too slowly to cut interest rates. He pointed to faster-than-expected U.S. GDP growth—4.3% in Q3—as evidence that the economy is roaring, even suggesting that AI is suppressing inflation and creating new headroom for easier money. He argued that the Fed is lagging behind central banks around the world and that more aggressive rate cuts are overdue. The White House Wants a Dovish Fed—Big Surprise President Trump has been hammering the Fed for months, demanding deeper rate cuts. Hassett’s comments closely mirror Trump’s view,…
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