• White House economic adviser Hassett says would support it if the Fed decides to push interest rates into negative territory

Market news

8 May 2020

White House economic adviser Hassett says would support it if the Fed decides to push interest rates into negative territory

  • Says he would not advise Fed to do anything
  • Respects Fed's independence
  • Unemployment numbers are heartbreaking
  • Almost all unemployed expect to be re-hired by employer
  • Next report could show 25% unemployment
  • Payroll tax cut would only be a part of next package

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