Hassett Sees Downward Price Pressure, Dismisses US Debt Downgrade
White House senior adviser Kevin Hassett said he expects downward pressure on prices and sees no reason for a US debt downgrade, citing an improving long-term fiscal outlook. He also expects Kevin Warsh to make the correct decision.
In a CNBC interview, White House senior adviser Kevin Hassett said the administration anticipates downward pressure on prices. He argued there is no justification for a downgrade of US debt, as the long-term fiscal outlook is improving.
Hassett also expressed confidence that Kevin Warsh will make the correct decision, though he did not specify the context. The remarks come amid ongoing discussions about fiscal policy and potential changes at the Federal Reserve.
Source: First Squawk