Kevin Hassett Defends Trump Tariffs, Cites Job Growth and Declining Inflation

Federal Reserve Policy Critique

• 💡 Kevin Hassett criticizes the Federal Reserve's policy decisions, including raising rates after President Trump's election and not warning about inflation from Joe Biden's spending.
• ⚠️ He notes the Fed cut rates just before an election, suggesting a political bias.
• 🎯 Hassett argues that supply-side tax cuts can promote growth without inflation, contrary to the Fed's apparent stance.

Impact of Trump's Policies

• 🚀 Hassett asserts that President Trump's policies are working, citing a remarkable rate of onshoring activity.
• 📈 Capital spending is reportedly moving towards an all-time high.
• 📊 The latest jobs numbers exceeded expectations, with approximately 70,000 to 80,000 more jobs than anticipated.

Tariffs and Inflation Debate

• 📉 Hassett states that inflation numbers have been going down.
• 🗣️ He challenges the narrative that tariffs will be a catastrophe for inflation, suggesting critics need to improve their economic models and messaging.
• 💬 He contrasts the current situation with the lack of warnings about