Hassett Downplays Trump Trade War Threat Over Rates — SkimNews
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- Kevin Hassett, director of the National Economic Council, played down President Trump's threat to begin a trade war if the Federal Reserve doesn't drop interest rates.
- Hassett said he doesn't expect trade to go to zero but acknowledged Trump holds a 'very strong opinion' on interest rates.
Why it matters: Hassett's public walk-back signals the White House is trying to separate Trump's rhetorical pressure on the Fed from concrete trade policy, suggesting officials want markets to read the trade-war threat as a negotiating posture rather than an imminent action.
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