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Hassett: US to Welcome Golden Year in Economic History, Unless 'Black Swan' Disrupts
Summary: In a recent announcement, Kevin Hassett, Chairman of the US National Economic Council, stated that unless there is some kind of 'black swan' disruption, the US will welcome a golden year in economic history. He added that he would be 'disappointed' if the growth rate in the first and second quarters of next year is ...
In a recent announcement, Kevin Hassett, Chairman of the US National Economic Council, stated that unless there is some kind of 'black swan' disruption, the US will welcome a golden year in economic history. He added that he would be 'disappointed' if the growth rate in the first and second quarters of next year is only 3%. 'It's easy for the growth rate to be another percentage point higher.' Additionally, 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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Link: Hassett: US to Welcome Golden Year in Economic History, Unless 'Black Swan' Disrupts [Copy]
