politics

NEC Director Kevin Hassett Discusses Jobs Report and Powell's Future

2 Ekim 2026Bloomberg

Kevin Hassett reports that the September jobs report met expectations and anticipates strong holiday spending. He also comments on Jerome Powell's future with the Fed.
Kevin Hassett, Director of the White House National Economic Council, commented on the September US jobs report, stating it met expectations. He expressed optimism about strong consumer spending during the holiday season.
Additionally, Hassett mentioned that Jerome Powell faces a decision regarding his future on the Federal Reserve Board of Governors.
The US economy has been navigating various challenges, including inflation and interest rate adjustments. The jobs report is a key indicator of economic health, influencing consumer confidence and spending.
Hassett's remarks reflect a cautiously optimistic outlook for the US economy, particularly in terms of consumer behavior during the holiday season. His mention of Powell's decision underscores the ongoing uncertainty surrounding Federal Reserve leadership and its implications for monetary policy.

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This summary is based on information provided by Bloomberg and may not reflect all aspects of the economic situation.

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