NEC's Hassett Teases 'Big' Housing Announcement From Trump

Summary

Kevin Hassett, Director of the National Economic Council, speaks with Bloomberg's Annmarie Hordern at Davos. He defends the Trump economic agenda, saying the U.S. economy is booming, tariffs have not caused inflation, and markets are celebrating. He also says Trump policies are positively disruptive for Europe, expects bond markets to feel secure in U.S. debt, and teases big housing policy announcements. He discusses Fed independence, the Powell subpoena, and the process to replace the Fed chair.

• Kevin Hassett says U.S. GDP could exceed 4.5% and markets are celebrating the Trump agenda.
• He argues tariffs have not caused inflation and trade-deal partners have had strong stock markets.
• He says Trump policies have positively disrupted Europe, prompting defense spending and ending zombie companies.
• He expects bond markets to feel secure investing in U.S. debt due to deficit reduction and government job cuts.
• He criticizes Fed officials for political commentary and calls Powell's Supreme Court attendance inappropriate.
• He says no decision is finalized on the next Fed chair and defends investigating Fed overruns.
• He teases big housing policy announcements and affordability measures, noting mortgage rates have come down.