off-the-wire

White House's Hassett on credit markets: optimistic we can stay ahead of curve

Kitco Media
By Reuters
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Reuters
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WASHINGTON, Oct 17 (Reuters) - White House economic adviser Kevin Hassett said on Friday that banks have ample reserves and that he was optimistic that credit markets could stay ahead of the curve.

Markets should realize there is a new administration in the United States, Hassett, director of the National Economic Council, said in an interview with Fox Business Network.

Reporting by Susan Heavey and Doina Chiacu; Editing by Gareth Jones

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