{"id":1104,"date":"2026-07-15T13:09:48","date_gmt":"2026-07-15T13:09:48","guid":{"rendered":"https:\/\/interstatemovingexpertss.com\/?p=1104"},"modified":"2026-07-15T13:09:48","modified_gmt":"2026-07-15T13:09:48","slug":"hassett-sees-no-excuse-to-raise-rates-says-warsh-will-push-fed-to-right-answer","status":"publish","type":"post","link":"https:\/\/interstatemovingexpertss.com\/?p=1104","title":{"rendered":"Hassett sees no ‘excuse’ to raise rates, says Warsh will push Fed to ‘right answer’"},"content":{"rendered":"
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\"NEC<\/figure>\n
watch now<\/span><\/div><\/div><\/span><\/div>
VIDEO<\/span>11:46<\/span>11:46<\/span><\/div>
NEC Director Kevin Hassett on June CPI: One of the best inflation reports I’ve seen in my career<\/div>
Squawk Box<\/div><\/div><\/div><\/div><\/div><\/div>

National Economic Council Director Kevin Hassett said Wednesday he sees no argument for raising interest rates in light of the latest data on the U.S. economy, including an “amazing” inflation report.<\/p>

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“There’s not really an excuse for raising rates right now,” Hassett said on CNBC’s “Squawk Box.”<\/p>

He said that he expects the Federal Reserve will “be thinking the other way,” meaning lowering interest rates, if the data trends continue.<\/p>

Hassett added that the White House is expecting Fed Chair Kevin Warsh, President Donald Trump’s pick who started the job in late May, will “drive the committee to the right answer.”<\/p>

Hassett’s inclination toward lower rates matches Trump’s insistent demand that the U.S. central bank must quickly slash rates in order to boost the economy and make borrowing cheaper.<\/p>

The economist’s CNBC appearance came one day after the latest consumer price index reading, which measures the costs of a wide range of U.S. goods and services, came in much lower than expected.<\/p>

CPI fell a seasonally adjusted 0.4% during June, bringing the annual inflation rate down to 3.5% and beating expectations from Dow Jones economists, according to the report from the Bureau of Labor Statistics. It was the biggest decline in consumer prices in more than six years.<\/p>

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It was “one of the best inflation reports that I’ve seen in my entire career,” Hassett said in Wednesday’s interview.<\/p>

He credited Trump’s policies for the shift, while noting that declines were not just related to a drop in the price of oil due to developments in the U.S. war against Iran.<\/p><\/div>

Read more CNBC politics coverage<\/h2>