The most popular candidate for Federal Reserve Chair, Hassett: The CPI report is surprisingly good, and the Federal Reserve has a lot of room to cut interest rates
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White House economic advisor Kevin Hassett welcomed the latest Consumer Price Index (CPI) report released on Thursday. He stated, "I'm not saying we can declare victory on prices yet, but this CPI report is shockingly good. Wage growth is outpacing price increases, American taxpayers will receive substantial refunds next year, and the government will help drive down mortgage rates. The Federal Reserve has plenty of room to cut interest rates."
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