Squawk Pod Kevin Hassett & Cooking a Hot Dog Split 7/14/25
Jul 14, 2025
Kevin Hassett, former National Economic Council Director, dives into the impact of President Trump's proposed tariffs on Mexico and the EU, stirring up discussions on trade tensions and their economic repercussions. He also critiques the Federal Reserve’s independence amid growing frustrations from the White House. The conversation touches on the playfulness of corporate earnings, particularly Kraft Heinz, alongside a humorous exploration of quirky national days that lighten the serious topics of tariffs and inflation.
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Prioritize Better American Deals
- Negotiations on trade deals are ongoing with the president pushing for better outcomes.
- Expect deals to favor American interests and prioritize strong terms for the U.S.
Tariffs' Surprising Impact on Inflation
- Tariffs have not caused inflation because import prices are actually dropping amid reduced demand for imports.
- American patriotism boosts demand for domestic products, mitigating expected tariff inflation effects.
Federal Reserve Needs Oversight
- The Federal Reserve needs more congressional oversight, especially regarding its costly building renovations.
- Independence in monetary policy remains vital, but spending requires better accountability.