Business & Finance
Kevin Hassett downplays trade concerns following Trump interest rate threats
White House adviser Kevin Hassett addressed trade risks linked to rate demands, according to The Hill.
The short version
- National Economic Council Director Kevin Hassett stated he does not expect trade to fall to zero after President Trump threatened to halt trade over interest rates.[The Hill]
- Trump previously demanded the Federal Reserve lower interest rates following an August jobs report that exceeded economists' forecasts.[The Hill]
- The ongoing economic situation remains tied to decisions made by the Federal Reserve regarding interest rates.[The Hill]
Key facts
- Kevin Hassett stated he does not expect trade to fall to zero following President Trump's interest rate demands.[The Hill]
- President Trump threatened to stop trade with several countries if the Federal Reserve did not lower interest rates.[The Hill]
- American employers added 162,000 jobs in August, exceeding predictions of 53,000 jobs.[The Hill]
What remains uncertain
- It remains unverified how the Federal Reserve will respond to interest rate demands or whether trade halted with any nations.[The Hill]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.