White House adviser says Moody's downgrade should not be a surprise
ReutersMay 19, 2025 1:01 PM
WASHINGTON, May 19 (Reuters) - White House economic adviser Kevin Hassett on Monday dismissed the downgrade of the United States' remaining AAA-credit rating from a major ratings agency last week, saying the move should not be a surprise.
Treasury yields rose and the dollar and stock index futures fell following Moody's move on Friday.
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