Top Economist Hassett: You’re Going to be Looking at Rate Hikes Every Month This Year Going into 2023 – Stock Market Is Halfway to Its Bottom (VIDEO)

Former Chairman of the Council of Economic Advisers Kevin Hassett joined Larry Kudlow on Thursday following the horrific losses on the stock market.

The Dow was down below 30,000 points for the first time since the inauguration.

Hassett says the Fed must raise interest rates 3/4 points likely until the end of the year before inflation will start to come down from the current historic rates.

Kevin Hassett: I’m very, very pessimistic on where rates have to go given how bad fiscal policy is under the Democrats. Basically, you’re going to be looking at rate hikes every meeting this year of 0.75… I think we’re probably more than halfway to the bottom but the bottom is still a ways off.

Hassett does not paint a rosy picture. There may be some more difficult days ahead.

Thanks, Democrat Party. Thank you, fake news lapdogs.

The Dow Jones Industrials ended below 30,000 points at 29,927 on Thursday over fears of recession.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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