Federal Reserve Chairman candidate Hassett: The pace of interest rate cuts in the U.S. is far behind other central banks.

The U.S. Department of Commerce announced on Tuesday that the actual GDP for the third quarter grew significantly by 4.3%, marking the fastest growth rate in two years, surpassing the market expectation of 3.2% by Dow Jones.

Hassett attributed the 1.5 percentage point growth to President Trump's tariff policy, which has reduced the U.S. trade deficit.

Hassett emphasized that the booming artificial intelligence sector is driving economic growth while exerting downward pressure on inflation. "If we maintain a 4% GDP growth rate in the new year, monthly job growth will return to the range of 100,000 to 150,000," he said. "If you look at the central banks of various countries around the world, the U.S. is far behind in terms of interest rate cuts." Hassett's remarks highlight the differences between the White House and the Federal Reserve regarding the pace of monetary policy.