[Hassett: The latest CPI report is surprisingly good, the Fed has significant room for rate cuts] Kevin Hassett, Director of the U.S. National Economic Council, welcomed the November CPI report, stating that the U.S. economy is showing a trend of high growth and declining inflation. He described it as a surprisingly good CPI report. Hassett pointed out that wage growth is outpacing price growth, giving the Federal Reserve significant room for rate cuts. As a leading candidate to succeed Powell as the next Chair of the Federal Reserve, Hassett also stated that the Fed must double its transparency in the future.