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 months
38 · May OctJan 26AprJulnow

Recordings per month over the last 12 months — 154 in all, peaking in May 2026 with 38.

Appearances

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So real wages, that's W divided by P for our technical people of the audience, have gone up by about $1,200 this year.
So the way to think about it is that we've dug a $3,000 hole because of Biden policies and we've gained $1,200 on the way out.
Let's play.
Is China holding back rare earth magnets from companies tied to the U.S.
military right now?
Is China holding back rare earth magnets from companies tied to the U.S.
military right now?
Last CPI report we got surprised 48 Bloomberg economists on the downside and even had some sort of temporary bad news because there was a refinery that was shut down if you're looking at the top line number.
I think that there have been mixed signals in the job market and really, really positive signals in
the output markets.
As you know, we've got GDP now running close to 4%.
We've got productivity running up around 3%.
And so I think that there could be a little bit of almost a quiet time in the labor market because firms are finding that AI is making their workers so productive that they don't necessarily have to hire the new kids out of college and so on.
But because there's so much output growth and income growth, that's the kind of thing that a free market will work out relatively quickly as new ways to spend money emerge.
Well, first, this is nothing new.
If you go through all of the trade deals that we've been doing all the way through, then there have been things that we decided it was prudent based on the economics of supply and demand to exempt.
And one of those things that we've been exempting all along is something that we don't make in the US, we'll never make in the US or almost never.
I know that in Hawaii, they make some coffee.
And so onshoring that production really doesn't make sense.
It's not part of our strategy.
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