No reason U.S. debt should be downgraded, says NEC's Kevin Hassett

• Hassett expresses high regard for the Fed's stewardship and expects independent, data-driven decisions.
• He does not believe there is any reason for a US debt downgrade, pointing to government employment reductions as a positive for the long-run budget situation.
• Hassett is bullish on inflation control, noting positive effects from policies like deregulation and drug price initiatives on core CPI (ex-food and energy), and expects oil prices to drop.

Kevin Hassett, National Economic Council Director, expresses strong confidence in the Federal Reserve's independent stewardship and its ability to manage inflation, citing positive trends in core CPI due to current policies. He dismisses concerns about a US debt downgrade, highlighting government employment reductions as a positive for the long-run budget situation.