White House economic adviser says data gives Fed no reason to raise rates

Kevin Hassett, director of the White House National Economic Council, said the data shows the Federal Reserve has no reason to raise interest rates. He also said he believes Warsh will lead the Fed to the right answer on rates. In the same remarks, Hassett said Iran’s ability to threaten the global economy has declined. The comments were cited in a newsflash published by Odaily on July 15, 2026. No additional details were provided in the source text about the data referenced, the timing of any Fed decision, or the context of the remarks. The statement focused on three points: the absence of a case for further rate hikes based on current data, confidence in Warsh’s judgment on monetary policy, and a view that Iran now poses less threat to the global economy than before.