Summary
- Hassett said he emphasized the need for the Federal Reserve (Fed) to make additional rate cuts.
- He said that, given current economic conditions, there is still room for monetary-policy easing.
- He also said work is under way to improve the accuracy and reliability of the U.S. Bureau of Labor Statistics (BLS) employment statistics.
Kevin Hassett, director of the White House National Economic Council (NEC), stressed the need for the Federal Reserve (Fed) to make further interest-rate cuts.
According to Walter Bloomberg, a breaking-news economics channel, Hassett said in a Fox News interview on the 9th (local time) that "the Fed needs to cut rates further," adding that "given current economic conditions, there is still room to ease monetary policy."
He also said regarding employment statistics from the U.S. Bureau of Labor Statistics (BLS) that "work to secure more reliable figures is well under way," adding that "it is important to improve the accuracy and reliability of employment indicators."
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