US White House Economic Adviser Hassett says there is a detailed back-up plan for tariffs. The Fed needs to cut more. A lot of work done on getting reliable BLS figures.

US White House Economic Adviser Hassett says there is a detailed back-up plan for tariffs. The Fed needs to cut more. A lot of work done on getting reliable BLS figures.

The comments from White House Economic Adviser Hassett suggest a proactive stance on tariffs, potentially signaling sustained trade tensions. His remarks on the Fed needing to cut more indicate a dovish outlook, which may impact USD sentiment and interest rates, as well as risk appetite in broader markets. As reliable BLS figures are emphasized, we could see renewed focus on upcoming economic data that could influence Fed policy decisions.