Hassett refutes Moody's downgrade of the U.S. rating, stating that U.S. bonds are the "safest investment."

ChainCatcher news, according to Jinshi reports, U.S. National Economic Council Director Hassett criticized Moody's decision to downgrade the U.S. credit rating, calling it an outdated view, and stated that the Trump administration is committed to reducing federal spending.

Hassett said, "There is no doubt that U.S. Treasury bonds are the safest investment on the planet. No other country's (bonds) makes me more willing to hold than U.S. Treasuries, so Moody can do whatever they want." Hassett added, "This is a retrospective approach, punishing our Biden administration for its reckless spending."

Hassett also stated, "We are cutting spending, we are deregulating. We have supply-side growth, so we have every reason to believe we will have the best economy in the world. If you have the best economy in the world, you will also have the best debt. That's my assessment of it."