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Big Fed rate cut was justified, but it may have acted politically, Trump economic adviser says

MarketWatch
Summary
Nutrition label

78% Informative

Kevin Hassett was chairman of the Council of Economic Advisers in the Trump administration from 2017 to 2019 .

Hassett said the Fed ’s move to cut its benchmark interest rate by a half percentage point last month was justified by data showing a weakening U.S. labor market.

Trump has been a critic of Jerome Powell in the past such as in 2019 when he wanted the Fed to lower interest rates ahead of 2020 elections.

VR Score

84

Informative language

84

Neutral language

68

Article tone

semi-formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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