Hassett: low inflation gives Fed no excuse to keep rates high

White House economic adviser Kevin Hassett said on CNBC that the latest consumer price index reading came in well below expectations, leaving the Federal Reserve no excuse to raise interest rates. Hassett credited President Donald Trump's policies for the lower inflation figure and expressed confidence that incoming Fed chair Kevin Warsh would steer the central bank to the "right answer" on rates. His comments reflect the ongoing tension between the Trump administration and the Federal Reserve over monetary policy direction.

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