Breaking
Kevin Hassett "U.S. bond market rattled by Fed uncertainty...room for market interest rates to fall further"
Summary
- Kevin Hassett said the bond market is showing volatility due to uncertainty about the Fed's policy path.
- Hassett said there is room for the 10-year Treasury yield to fall further.
- He mentioned the possibility of lowering the policy rate and said artificial intelligence (AI) could play a positive role in economic management.
Kevin Hassett, chairman of the U.S. National Economic Council (NEC), said the bond market is being shaken by uncertainty over the Fed's future policy path and that there is room for the 10-year Treasury yield to fall further.
On the 8th (local time), according to overseas economic breaking news channel Walter Bloomberg, Hassett said, "The bond market is showing volatility because of uncertainty surrounding the Fed." He also said, "There is plenty of room for the 10-year Treasury yield to go down further."
Hassett remained optimistic about the U.S. economy overall. He said, "President Trump will release a lot of very positive economic indicators."
Also, according to the Bitcoin-related account Bitcoin Archive, Hassett reportedly said, "We need to lower the policy rate a little more."
Meanwhile, Hassett added, "Artificial intelligence (AI) creates room to run the economy a bit hotter."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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