Kevin Hassett
speaker
2,210 appearances
195 recordings
16 series
first heard Oct 2024
last heard 10 Aug
Kevin Hassett’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 154 in all, peaking in May 2026 with 38.
Appearances
the kind of growth effects from the capital spending that we expect, then I think we could hit 3% even next year, perhaps.
It's not my forecast.
I'm saying that we could.
It's possible.
We really could hit it next year.
The productivity boom is a real necessary piece of it that I think that if productivity
I actually kind of wonder what your guesstimate of what the rate of productivity growth is, but let's say it's between two and three right now.
What's your rate?
Yeah, so let's just say it's 2.2, and then we've got...
you know, investment divided by capital minus the depreciation rate is the capital stock growth and investment is skyrocketing.
So let's just say capital stock growth gives you like 3%, 4% because capital stock's big.
And then that's about 0.3 times that.
So that gets you up to three before you do something to labor.
And so you're looking at pretty good growth accounting right now that easily could be looking at a sequence of years that are from three to even four because of the productivity, if the productivity stays where it is, which I think it will.
That's an easy question.
How is that related to Fed independence?
First of all, I think the idea that government service makes it less likely that you'll pursue an independent Fed basically rejects the evidence of the five Council of Economic Advisers chairs that went on to be independent Fed people.
And so I think it's a very common path for people who have worked in the White House to go on and to work well at the Fed and to do so independently.
I have been critical of the policies of the current Fed because I think they haven't been data-driven enough.
And I think that the way you convince your colleagues is that you
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