Hassett on Trump trade war interest rates threat: ‘I don’t expect the trade’s going to go to zero’
Summary
Kevin Hassett, the head of the National Economic Council, said he does not believe President Trump’s threat to start a trade war if the Federal Reserve does not lower interest rates will lead to ending trade completely. Hassett said President Trump strongly believes interest rates should be lower.Key Facts
- Kevin Hassett is the director of the National Economic Council.
- President Trump threatened to start a trade war if the Federal Reserve does not reduce interest rates.
- Hassett said he does not expect trade between countries to stop entirely.
- President Trump believes interest rates are currently too high.
- The Federal Reserve sets interest rates to control the economy.
- This statement was made during an interview on Sunday.
- The trade war threat connects trade policy and monetary policy concerns.
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