Politics
US White House NEC Director Hassett says "of course", when asked if he has confidence in Fed Chair Warsh; Warsh's job is now easier following the day's inflation data
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NEC Director Hassett expressed confidence in Fed Chair Warsh's data-driven approach to reaching the 2% inflation target, while contrasting current fiscal discipline with past administration spending.
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Warsh will do what the data says he should do. Warsh is serious about getting inflation back to the 2% target as it is his job. Warsh is a realist. This administration will not be doing any of the reckless spending that was seen in the Biden administration. Today's GDP data is a glass-half-full figure.
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