Category: Markets

NEC Director Kevin Hassett says June CPI’s sharp decline removes the case for higher rates and expects Fed Chair Kevin Warsh to steer policy; CPI fell 0.4% in June.

NEC’s Kevin Hassett says June CPI weakens case for rate hikes and expects Fed Chair Kevin Warsh to steer policy; June CPI fell 0.4%, annual inflation 3.5%.

NEC’s Kevin Hassett says June CPI’s 0.4% drop and 3.5% annual inflation weaken the case for rate hikes; White House expects Fed Chair Kevin Warsh to guide policy.

NEC’s Kevin Hassett says June CPI weakens the case for higher Fed rates and expects Chair Kevin Warsh to guide the committee toward the right policy if disinflation continues.