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

GateUser-6433627c · 2025-05-19T14:40:14+00:00

On May 19, National Economic Council Director Hassett criticized Moody's decision to lower the U.S. credit rating, calling it an outdated view, and stated that the Trump administration is committed to reducing federal spending. Hassett said, "There is no doubt that U.S. treasuries are the safest investment on the planet. There is no country's (bonds) that I would rather hold than U.S. treasuries, so Moody can do whatever it wants." Hassett added, "This is a retrogressive approach that punishes our Biden administration for its reckless spending." Hassett also stated, "We are cutting spending, we are deregulating. We have supply-side growth, so we have every reason to believe 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 is my assessment of it." ( Jin10 )

GateUser-6433627c

2025-05-19 14:40:14

On May 19, Hasset, director of the U.S. National Economic Council, criticized Moody’s decision to downgrade the U.S. credit rating, calling the move an outdated view and saying the Trump administration is committed to reducing federal spending. “There is no doubt that U.S. Treasuries are the safest investment on the planet,” Hassett said. There’s no other country [bonds] that I’m more willing to hold than U.S. Treasuries, so Moody’s can do whatever he wants." “It’s a retrospective approach that is punishing our Biden administration for reckless spending,” Hassett added. Hassett also said: “We are cutting spending, we are deregulation. 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 in the world. That’s what I think of it.” ( gold ten )

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