Hassett Slams “Indefensible” Rate Pause as Economy Eyes 4% Growth

TLDR: Kevin Hassett expects U.S. GDP growth to reach 4% next year amid a surge in capital spending. AI-driven productivity gains could raise long-term growth potential to around 2%. Hassett says the Fed risks appearing partisan by delaying further rate cuts. Softer labor data and fiscal uncertainty may be temporary, tied to the recent shutdown. [...]

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