Hassett: US-Iran dialogue is not meaningless; Powell is not expected to remain on the board.

According to ME News, on April 14 (UTC+8), White House National Economic Council Director Hassett stated that the US-Iran dialogue is not meaningless, and the US is cooperating with Iran on a potentially significant agreement. Despite the war, he still expects the US economy to maintain 4% to 5% growth this year. Regarding the policy agenda, he hopes a reconciliation bill can be completed by June and plans to study a second reconciliation bill in the fall. Regarding the Federal Reserve personnel, he expects Walsh's hearing to proceed as scheduled next week and is confident that Walsh will become Fed Chairman in May, while anticipating that Powell will not remain on the Fed Board. Hassett emphasized that interest rates should be lower and the Fed's balance sheet reduction should be gradual. (Source: ME)