TechFlow news, December 18 — According to Jinshi Data on Thursday, Kevin Hassett, Director of the White House National Economic Council, welcomed the November CPI report, stating that the U.S. economy is showing strong growth alongside declining inflation. He said: "I'm not saying we're declaring victory on prices, but this is a surprisingly good CPI report." Hassett noted that wage growth is outpacing price increases, and American taxpayers will see substantial tax refunds next year, with the government helping to lower mortgage rates. He added: "The Federal Reserve has significant room to cut interest rates." A leading candidate to succeed Powell as the next Fed chair, Hassett also emphasized that the Fed should become more transparent in the future. "I think the Fed must double down on transparency. Whoever leads the Fed should put all their cards on the table so we can understand exactly what's going on at that institution."
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