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NEC Director Hassett says recent inflation data have been very promising; US may get two quarters of growth above 5%

Hassett's comments on promising inflation data suggest a potential shift in the economic outlook, indicating the possibility of strong growth rates in the coming quarters.

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NEC Director Hassett says recent inflation data have been very promising; US may get two quarters of growth above 5%

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  • Hassett gives praise to Fed Chair candidate Rieder, says he is the 'best bond guy'.
  • Says they need an independent person who respects the mandates in regards to next Fed Chair.
Context

This could signal increased confidence in the economy, possibly impacting Federal Reserve policy discussions regarding interest rates and inflation management.

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