Hassett refutes Moody's downgrade of the U.S. rating, stating that U.S. bonds are the 'safest investment'

BlockBeats news, on May 19, National Economic Council Director Hassett criticized Moody's decision to downgrade the U.S. credit rating, calling it an outdated view, and stated that the Trump administration is committed to reducing federal spending.

Hassett stated: "There is no doubt that U.S. government bonds are the safest investment on the planet. There is no country whose (bonds) I would rather hold than U.S. bonds, so Moody can do whatever they want." Hassett added: "This is a retrospective approach, punishing our Biden administration for reckless spending."

Hassett also stated: "We are cutting spending, we are deregulating. We have growth on the supply side, so we have every reason to believe that we will have the best economy in the world. If you have the best economy in the world, you will also have the best debt. That’s my assessment." (Jinshi)