TechFlow News, January 30: According to JINSHI Data, Kevin Hassett, Director of the White House’s National Economic Council, stated that market interest rates should be lowered accordingly, given the declining fiscal deficit. He also criticized the Federal Reserve’s decision this week not to cut rates, calling it a mistake, and noted that inflation has approached its target level. Hassett emphasized that the government’s responsibility is to foster a more favorable policy environment for the Fed and expressed confidence in the U.S. achieving high economic growth under low-inflation conditions. Additionally, Hassett voiced deep respect for Fed Chair nominee Philip Jefferson, stating that the White House is confident his nomination will be swiftly confirmed. Although Hassett himself was not nominated for Fed Chair, he said he was not disappointed.
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