Hassett: Fed Is Behind the Curve as Economic Growth Exceeds Expectations
Kevin Hassett, former White House economic adviser, said that the US Federal Reserve is now “far behind the curve” in its monetary policy, as the US economy continues to grow at a pace exceeding expectations.
Hassett noted that recent economic data point to clear strength in economic performance, calling for a swift reassessment of the monetary policy path to balance inflation control with sustaining growth.
He warned that delays in taking appropriate action could increase risks to financial market stability amid ongoing inflationary pressures, urging the Fed to act more flexibly and proactively.
Hassett added that the current pace of growth offers an opportunity to boost investor confidence, but also requires careful monetary management to avoid potential market imbalances.
Hassett noted that recent economic data point to clear strength in economic performance, calling for a swift reassessment of the monetary policy path to balance inflation control with sustaining growth.
He warned that delays in taking appropriate action could increase risks to financial market stability amid ongoing inflationary pressures, urging the Fed to act more flexibly and proactively.
Hassett added that the current pace of growth offers an opportunity to boost investor confidence, but also requires careful monetary management to avoid potential market imbalances.
