Asks about Fed rate cut expectations for December - whether Fed should cut 25 or 50 basis points and what would be better for economy
Speaker1
Kevin Hassett
Expresses high regard for Jay Powell but notes policy disagreements, particularly believing previous two meetings were right time to cut rates
Kevin Hassett
Surprised by Powell's stance after last meeting given shutdown negative GDP impact and better-than-expected inflation report
Kevin Hassett
Believes Fed more likely to move given recent data, but Powell signaled less likely to move
Kevin Hassett
Expects 25bp cut rather than 50bp, reading Fed's tea leaves
Kevin Hassett
Agrees with President that rates could be a lot lower
Notes Hassett on short list for next Fed Chair, questions why he'd want the job given current criticism of Fed
Speaker1
Kevin Hassett
Prefers current role as National Economic Council director but would serve as Fed Chair if asked