Kevin Hassett: The Pres feels it might be nice if he may construct a sovereign wealth fund

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US White Home NEC head Kevin Hasset is talking on CNBC:

  • The federal government is not going to intrude with Intel’s operation
  • The president feels it might be nice if he may construct a sovereign wealth fund.
  • It’s potential authorities will take stakes in additional corporations
  • As an alternative of giving cash away, the president will look to get one thing again from the businesses for the US taxpayer.
  • I believe the pivot was correct and information pushed
  • The financial system is wanting sturdy however not too sturdy.
  • I believe the Fed is just a little late to the sport

This text was written by Emma Wang at investinglive.com.

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