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☆ A radical idea to solve inflation from a radical former Fed pick
▼ + stars: | 2024-10-31 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

A zero percent inflation target might be popular, but it would represent a sharp departure – one that mainstream economists warn would backfire. “Stable inflation is an oxymoron because it means it’s not stable,” Shelton told CNN in a recent interview. In fact, one reason the Fed set its inflation target at 2% is because it’s safely away from that deflation-danger zone. A zero inflation target would mean a path right on the edge. But even some of Shelton’s biggest fans are opposed to her embrace of a zero-inflation target.

Persons: Judy Shelton, Donald Trump, It’s, ” Shelton, Shelton, Trump, ”, Mark Zandi, Zandi, Justin Wolfers, Kamala Harris, it’s, Wolfers, Bill English, “, ” Trump, Stephen Moore, Jerome Powell, Moore, Powell, Kevin Hassett, Reagan, Arthur Laffer, ” Moore, CNN’s KFile, CNN he’s, he’d, Elon, ‘, haven’t, James Grant Organizations: New, New York CNN, Federal Reserve, Fed, CNN, Federal Reserve Board, Moody’s, University of Michigan, Yale University, Heritage Foundation, Trump White House, Trump Locations: New York

☆ There will be a supply-side boom if Trump is elected: Former Trump CEA chair Kevin Hassett
▼ + stars: | 2024-10-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere will be a supply-side boom if Trump is elected: Former Trump CEA chair Kevin HassettKevin Hassett, Hoover Institution distinguished visiting fellow and former CEA chair for former President Trump, joins 'Squawk Box' to discuss the state of the 2024 election, impact of former President Trump's economic proposals, Harris vs. Trump on the economy, and more.

Persons: Trump, Kevin Hassett Kevin Hassett, Trump's, Harris Organizations: Trump CEA, Hoover Institution

☆ It's hard not to be enthusiastic about this macro economy, says Harvard's Jason Furman
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's hard not to be enthusiastic about this macro economy, says Harvard's Jason FurmanJason Furman, Harvard Kennedy School professor and former CEA chair under President Obama, and Kevin Hassett, Hoover Institution distinguished visiting fellow and former CEA chair under President Trump, join 'Squawk Box' to discuss the state of the economy, 2024 presidential election, whether Trump or Harris has the better economic agenda, and more.

Persons: Harvard's Jason Furman Jason Furman, Obama, Kevin Hassett, Trump, Harris Organizations: Harvard Kennedy School, Hoover Institution, Trump

☆ Biden vs. Trump economy: What you need to know
▼ + stars: | 2024-07-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden vs. Trump economy: What you need to knowKevin Hassett, former CEA chair and Hoover Institution distinguished visiting fellow, joins 'Squawk Box' to discuss his take on how Biden and Trump laid out their economic policies in last week's debate and more.

Persons: Kevin Hassett, Trump Organizations: Biden, Trump, CEA, Hoover Institution

☆ There's nothing in the data that will allow the Fed to cut rates in June, says Kevin Hassett
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's nothing in the data that will allow the Fed to cut rates in June, says Kevin HassettKevin Hassett, former CEA chair and Hoover Institution distinguished visiting fellow, joins 'Squawk Box' to discuss the state of the economy, why he believes the economic data is inconsistent with inflation being under control, the Fed's inflation fight, and more.

Persons: Kevin Hassett Kevin Hassett Organizations: CEA, Hoover Institution

☆ Second Trump Presidency Would Axe Biden Climate Agenda, Gut Energy Regulators
▼ + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +7 min

Much of that work could go up in smoke if his likely rival Donald Trump beats him at the polls in November, according to Republican policy advisers. Reuters spoke with a dozen Republican policy consultants and former Trump administration officials who are helping lay the groundwork for a second Trump presidency to sketch out the administration's likely approach to energy and environmental issues. Trump formally withdrew the U.S. during his first term in office but Biden swiftly reversed the move in 2021. "A big lesson that everybody in the first Trump administration learned was that personnel is really important. The idea of taking a hatchet to the entire IRA could, however, give some oil industry officials and Republican politicians pause, a former Trump administration official said.

Persons: Valerie Volcovici, Gram Slattery WASHINGTON, Joe Biden, Donald Trump, Trump, Stephen Moore, Trump's, Larry Kudlow, David Bernhardt, Rick Perry, Kevin Hassett, Harold Hamm, Biden, George David Banks, Ivanka, Mike McKenna, Diana Furchtgott, Roth, Timothy Gardner, Richard Valdmanis, Deepa Babington Organizations: Republican, United Nations, Trump, Reuters, White, Heritage Foundation, Republicans, Economic, Energy, Biden, America, Policy Institute, Heritage Locations: United States, Paris, Biden's

☆ The Fed will lose its political independence if it cuts rates prematurely, says Kevin Hassett
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed will lose its political independence if it cuts rates prematurely, says Kevin HassettKevin Hassett, former CEA chair and Hoover Institution distinguished visiting fellow, joins 'Squawk Box' to discuss the Fed's rate decision, why he believes the central bank may cut rates prematurely under pressure from Federal Reserve staffers, and more.

Persons: Kevin Hassett Kevin Hassett Organizations: CEA, Hoover Institution, Federal Reserve

☆ Kevin Hassett: We're going to see another inflation wave stimulated by high growth and energy prices
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKevin Hassett: We're going to see another inflation wave stimulated by high growth and energy pricesKevin Hassett, former CEA chair and Hoover Institution distinguished visiting fellow, joins 'Squawk Box' to preview this week's key inflation data and monthly jobs report, the impact on the Fed's rate hike campaign, and more.

Persons: Kevin Hassett, We're Organizations: CEA, Hoover Institution

☆ Another inflation wave may be coming as big government spending and high energy costs push prices up, former White House economist says
▼ + stars: | 2023-08-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Inflation could rebound, thanks to high energy prices and hot economic growth. "We're going to see another inflation wave that's going to be stimulated by high growth and by higher energy prices." But there are still lingering price pressures in the economy that could bring on a resurgence of hot inflation, Hassett warned. In Hassett's view, interest rates could "for sure" rise to 6%, a level unseen since December 2000 and something that most investors likely haven't priced into assets. AdvertisementAdvertisementHigher interest rates could spell trouble for stocks and the economy as financial conditions continue to tighten.

Persons: Kevin Hassett, Trump, Hassett, There's Organizations: Service, White House, of Economic, CNBC, White, Atlanta, CPI, AAA, New York Fed Locations: Wall, Silicon

☆ Former White House economic advisor says more Fed hiking is coming
▼ + stars: | 2023-08-29 | by ( Chelsey Cox | ) www.cnbc.com time to read: +1 min

WASHINGTON — A former White House economist on Tuesday said he thinks the Federal Reserve will hike interest rates again amid rising inflation numbers and energy prices. "The hiking is coming again," Kevin Hassett, former chairman of the Council of Economic Advisers under then-President Donald Trump, told CNBC's "Squawk Box." Hassett was referencing headline inflation, a measure of the total inflation within the economy including commodities such as food and energy. The CPI rose 0.2% for the month in July and 3.2% compared with the year prior. Though the annual rate of headline inflation came in below expectations, it marked an increase from 3% in June, according to the U.S. Bureau of Labor Statistics.

Persons: WASHINGTON —, Kevin Hassett, Donald Trump, CNBC's, Hassett Organizations: White House, of Economic Advisers, U.S . Bureau of Labor Statistics

☆ McCarthy Gets a Debt-Ceiling Win
▼ + stars: | 2023-04-27 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: Paul Gigot interviews former Trump White House economist Kevin Hassett. Had the vote failed, House Republicans would have lost all leverage over the debt ceiling, and the Senate and White House would have cut their own deal and then jammed the House. President Biden says he won’t sign the House bill, but the pressure is now on him to negotiate. The same for the Senate, which will have to pass a bill of its own or risk a U.S. default. Democrats can say they still won’t negotiate, but that is harder to do now that the House has a passed a bill to raise the limit.

☆ Biden Is Transformational, and Not in a Good Way
▼ + stars: | 2023-04-26 | by ( Phil Gramm | Pat Toomey | ) www.wsj.com time to read: +1 min

Journal Editorial Report: Paul Gigot interviews former Trump White House economist Kevin Hassett. Images: AP/Zuma Press Composite: Mark KellyFrom Wall Street to Silicon Valley, from the Permian Basin to the Chicago Loop, an iron net of regulation has descended across the American economy. Churchill’s metaphor conveys the magnitude of the onslaught and the peril it poses to the American economy and our freedom. We face not an errant regulator or an officious bureaucrat, but a sea change in the economy’s regulatory ecosystem. In the short term, President Biden’s regulatory tsunami will fuel inflation and make a recession more likely.

☆ World Cup co-hosts New Zealand suffer another setback with Nigeria thrashing
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, April 12 (Reuters) - Women's World Cup co-hosts New Zealand suffered another blow to their confidence in the leadup to the tournament on Tuesday with a 3-0 defeat to Nigeria in a friendly and the loss of veteran midfielder Betsy Hassett to a suspected broken rib. The defeat in Antalya, Turkey extended the Football Ferns' winless run to 10 matches and heaps further pressure on embattled coach Jitka Klimková. Hassett's injury added salt to 25th-ranked New Zealand's wounds, the midfielder forced from the field after 70 minutes after clashing with Oparanozie. New Zealand, who co-host the Women's World Cup with Australia in July and August, have not won since handing the Philippines a 2-1 defeat in September. They meet Norway, Philippines and Switzerland in Group A at the World Cup.

☆ Job gains and inflation have to slow to avoid recession, says Brookings’ Wendy Edelberg
▼ + stars: | 2023-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJob gains and inflation have to slow to avoid recession, says Brookings’ Wendy EdelbergWendy Edelberg, a Brookings Institutions economic studies senior fellow, and Kevin Hassett, former Council of Economic Advisers chairman under President Donald Trump, join 'Squawk Box' to discuss the latest jobs numbers, consumer spending, and whether a recession can be avoided.

☆ Amazon is the latest threat to Facebook as ad targeting suffers
▼ + stars: | 2023-02-10 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +11 min

"So many people start their shopping on Amazon," Hassett said in an interview. People take selfies in front of the logo of Facebook parent company Meta on November 9, 2022 in Menlo Park, California. Liu Guanguan | China News Service | Getty ImagesFor Loftie, Amazon and Google provide better value because a shopper is showing intent by searching for a particular item. "In the near term, we expect Meta ad share to decline further in '23 given macro headwinds and the pivot to Reels," they wrote. Rachel Tipograph, CEO of marketing technology firm MikMak, said there are other unforeseen costs tied to Amazon advertising.

☆ Strong jobs report will put a lot of pressure on Fed, says Kevin Hassett
▼ + stars: | 2023-01-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrong jobs report will put a lot of pressure on Fed, says Kevin HassettKevin Hassett, former chairman of the Council of Economic Advisors under President Trump, joins 'Squawk Box' to discuss how big of a problem the employment picture is, what average hourly earnings would surprise Hassett and Hassett's thoughts on the equity front this year.

☆ The Fed must bring down goods spending to control inflation, says Brookings' Wendy Edelberg
▼ + stars: | 2022-12-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed must bring down goods spending to control inflation, says Brookings' Wendy EdelbergWendy Edelberg, a Brookings Institutions economic studies senior fellow, and Kevin Hassett, former Council of Economic Advisers chairman under President Donald Trump, join CNBC's 'Squawk Box' to discuss how the Federal Reserve should tame inflation.

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