Economist Kevin Hassett: Fed Will Likely Increase Interest Rates .75 Points a Month til 2023

Former Chairman of the Council of Economic Advisers Kevin Hassett joined Larry Kudlow on Thursday following the horrific losses on the stock market. The Dow was down below 30,000 points for the first time since the inauguration. Hassett says the Fed must raise interest rates 3/4 points likely until the end of the year before inflation will start to come down from the current historic rates.