Federal Reserve Chair nominee Hassett: Pausing rate cuts in December would be "a very bad time."

He predicts the government shutdown will cause a 1.5 percentage point decline in fourth-quarter GDP, while positive inflation data means the current pause in easing policies will exacerbate the economic downturn. He points out that while job growth has rebounded, it is insufficient to offset macroeconomic pressures, emphasizing that the Federal Reserve should continue its pace of interest rate cuts.