Hassett willing to accept Federal Reserve chairman position and pushes for significant interest rate cuts

Hassett stated he would accept nomination as Federal Reserve Chairman if offered. He believes the current interest rates could be reduced more dramatically for better economic stimulus.

He anticipates a 25 basis point reduction but advocates for a more aggressive 50 basis point cut. Hassett associates the ongoing government shutdown with a weekly $15 billion drop in US GDP, highlighting recent favorable inflation data.