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A consumer price index reading that came in much lower than expected gave Kevin Hassett a platform on CNBC to argue the Federal Reserve has no "excuse" to raise rates.
Hassett credited President Donald Trump's policies for the softer inflation print and said Kevin Warsh will push the Fed toward the "right answer." The CPI print as Hassett reads it The latest CPI figure landed well below expectations.
Hassett, speaking on CNBC, did not treat the result as coincidence.
The credit, in his telling, belongs to President Trump's policies, and that attribution underpins the rate argument he made: if inflation is falling because of deliberate policy choices, tightening into that trend requires a justification he says does not exist.
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