🚨 HASSETT PUSHES BACK ON RATE HIKE TALK. White House senior adviser Kevin Hassett says the latest economic data makes it hard to justify an interest rate hike. He points to slowing inflation and softer hiring as signs that the economy is cooling, not overheating. His comments come as the Federal Reserve weighs its next move. Inflation has eased to around 3.5% year‑over‑year, down from earlier highs. Consumer prices even saw their biggest monthly drop in more than six years. Hassett calls the report “one of the best” he has seen, arguing that raising borrowing costs now could hurt growth. Fed Chair Kevin Warsh is more cautious. He says one good report is not enough to declare victory over inflation. The Fed has raised rates by more than five percentage points since 2022, and officials want several more months of data before shifting course. Markets are watching closely. Treasury yields dipped after Hassett’s remarks, and futures now show rising odds of a rate cut later this year. The debate is unfolding in an election year, adding political pressure as both parties look for signs of economic momentum. The Fed’s next decision is set for June 12, and policymakers say they will stick to the data. For now, Hassett’s message is clear: the case for a hike just isn’t there.