Overview
- Kevin Hassett said the latest jobs data do not signal a hiring recession, despite modest payroll gains.
- The November report showed the U.S. added 64,000 jobs and unemployment rose to 4.6%.
- Hassett cited recent consumer price readings, saying core inflation on a three‑month basis is running well below the Fed’s target.
- He defended new immigration restrictions, arguing departures of foreign-born workers have opened jobs for native-born Americans, even as businesses report planning challenges.
- Addressing the seizure of a tanker tied to Venezuelan oil, he said the volumes involved are small and unlikely to lift U.S. fuel prices.