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US White House NEC Director Hassett says he is not disappointing that he did not get the Fed Chair nomination, via CNBC

Importance
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Fed:

  • Have high a regard for Warsh, will make every effort to get him confirmed quickly. Trump wants him to be confirmed quickly.
  • Warsh can speak to what the President wants, in terms of monetary policy.
  • Legal issues with the Fed should be resolved quickly.
  • Inflation is not far from its target; the Fed made a mistake not cutting rates this week.

Economy:

  • "I am confident can have high growth with low inflation".
  • PPI inflation data is different than CPI.
  • Supply side boom is to give room for the Fed to lower rates.

US:

  • The Trump admin is being fiscally responsible.
  • Market interest rates should go down become of lower deficits.

USD:

  • There are good reasons to want a strong USD. 
  • A strong Dollar comes from fiscal policy action. 
#UNITED STATES#USD#JAPAN#UNITED KINGDOM#NEC CORP#IMPORTANT#FOREX#FIXED INCOME#EU SESSION#US SESSION#FEDERAL RESERVE#CENTRAL BANK#DXY#WHITE HOUSE
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