U.S. Economic Growth and Federal Reserve Developments Expected Amid Iran-U.S. Dialogue

U.S. White House National Economic Council Director Kevin Hassett believes that dialogue between Iran and the U.S. holds significance, as the U.S. is working with Iran on a potentially major agreement. According to Jin10, despite ongoing conflicts, Hassett forecasts that the U.S. economy will maintain a growth rate of 4% to 5% this year. Regarding policy agendas, he hopes the reconciliation bill will be completed by June and plans to study a second reconciliation bill in the fall. On Federal Reserve personnel matters, Hassett anticipates that the Walsh hearing will proceed as scheduled next week, expressing confidence that Walsh will assume the role of Federal Reserve Chair in May. He also expects that Jerome Powell will not remain as a Federal Reserve governor. Hassett emphasizes that interest rates should be lower and that the Federal Reserve's balance sheet reduction should be gradual.