Hassett: The US is poised for a golden year in economic history, barring any "black swan" event.

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Odaily Odaily reports that National Economic Council Director Hassett stated that unless some kind of "black swan" disruption occurs, "we are going to have a golden year in economic history." He added that he would be "disappointed" if growth in the first and second quarters of next year is only 3%. "The growth rate could easily be another percentage point higher." Furthermore, Hassett reiterated his expectation that Federal Reserve policymakers will lower interest rates at their meeting next week. "Now is a good time for the Fed to cautiously cut rates again." (Jinshi)

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