White House economic adviser Kevin Hassett says the U.S. is not in a hiring recession, despite the Bureau of Labor Statistics November jobs report showing unemployment ticked up to 4.6% and the pace of hiring slowed. “I think that, basically, the number was about what the market expected,” Hassett argues. “It was a number that was less than 100, which is a little bit lower than you'd like. But then, after that, we got the Consumer Price Index numbers, which were really amazing.” | CBS News

National Economic Council Director Kevin Hassett said Tuesday that the Federal Reserve is not cutting interest rates quickly enough, even as the U.S. economy grew at a much faster pace than expected in the third quarter. “If you look at central banks around the world, the U.S. is way behind the curve in terms of lowering rates,” Hassett told CNBC in a “Money Movers” interview. Read more: cnb.cx/4j8rfp8 | CNBC