Fed chair candidate Hassett says U.S. is way behind the curve on lowering rates

National Economic Council Director Kevin Hassett said Tuesday that the Federal Reserve is not cutting interest rates quickly enough, even as the U.S. economy grew at a much faster pace than expected in the third quarter.The top White House economic advisor is considered a leading contender to succeed Federal Reserve Chairman Jerome Powell after his term ends in May. Hassett said the artificial intelligence boom is boosting economic growth while simultaneously putting downward pressure on inflation. "If you ...