US White House NEC Director Hassett says cannot discuss whether Fed Chair Powell gave White House heads-up and on Powell staying on, says he is disappointed in what Powell said
Importance
Level 1
- Would be policy error for ECB's or Fed to hike rates.
- Mistake to hike rates into temporary energy spike.
- Productivity boom will keep core prices under control.
- New housing construction could lift growth to 4-5%.
- Productivity boom will keep core prices under control.