[Hassett: Does Not Want to Escape Debt Through Inflation, Current Interest Payment Levels Unacceptable] BlockBeats News, October 2, White House National Economic Council Director Hassett stated that Waller still needs to address the situation left by Powell, which is 'very unusual.' Hassett said that the United States 'does not want to escape debt through inflation,' and that the current level of interest payments is 'unacceptable.' The President is very serious about reducing the deficit. He also mentioned that the rise in U.S. bond yields is due to a strong economy and expressed respect for the Federal Reserve's independence. Data shows that U.S. consumer spending is very strong, and holiday season consumption is expected to perform strongly, adding that there is a lot of good news this week. (Jin10)