HASSETT: Bond market is fluctuating partly due to Fed uncertainty.
- Positive supply shocks should help the economy.
- Affordability is fixed through wage growth.
- On Trump’s Fed choice — if I have to be that choice, I’ll be pleased to help him.
- Says Trump has lots of good choices for the Fed.
- On how low to cut rates — must watch the data.
- Says Powell probably agrees it’s prudent to cut rates.
- Says Powell has done a good job “herding the cats.”
- Plenty of room for the 10-year to go down.
- AI allows the economy to run a little hotter.
- Trump will bring a huge amount of positive economic news.
- On Trump’s AI “one rule” — says the order should help AI companies understand the rules.
BTC
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