Hassett: The U.S. Will Have a Golden Year in Economic History, Unless a "Black Swan" Event Occurs

Odaily Planet Daily reports that Kevin Hassett, Director of the U.S. National Economic Council, stated that unless there is some kind of “black swan” disruption, “we are heading for a golden year in economic history.” He added that if growth in the first and second quarters next year is only 3%, he would be “disappointed.” “It would be easy for the growth rate to be one percentage point higher.” In addition, Hassett reiterated his expectation that Federal Reserve policymakers will lower interest rates at next week’s meeting. “Now is a good time for the Fed to cautiously cut rates again.” (Jin10)