[Hassett Suggests Fed to Cut Rates Prudently, Has Not Discussed Chair Nomination with Trump]
On December 5, Kevin Hassett, Director of the White House National Economic Council, stated that it is time for the Federal Reserve to prudently cut interest rates, as the impact of the government shutdown is expected to be greater than anticipated. Hassett predicts that the economy will see a larger rebound in the first quarter of next year, with economic growth potentially reaching 4% by 2026. He also mentioned that the development speed of the artificial intelligence economy has surpassed that of the internet economy in the 1990s. Additionally, Hassett noted that if the Supreme Court overturns tariffs, it would cause significant chaos, and he clarified that he has not discussed the Federal Reserve chair nomination issue with President Trump.