Hassett refutes Moody's downgrade of the US rating, stating that US bonds are the 'safest investment'

BlockBeats News: On May 19th, the Director of the National Economic Council, Hassett, criticized Moody's decision to downgrade the US credit rating, calling it an outdated view and stating that the Trump administration is committed to reducing federal spending. Hassett said, "There is no doubt that US treasury bond bonds are the safest investment on the earth. I am more willing to hold them than US bonds, so Moody's can do whatever it wants." Hassett added, "This is a way to look back on the past and punish our Biden government for reckless spending." Hassett also said, "We are cutting spending, we are relaxing regulations. We have growth on the supply side, so we have ample reason to believe that 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 in the world. That's my evaluation of it