White House on High Mort­gage Rates: Rates Can Rise Due to Fac­to­ry Boom

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White House on High Mortgage Rates: Rates Can Rise Due to Factory Boom

On Friday’s broad­cast of the Fox News Channel’s “America’s News­room,” White House Nation­al Eco­nom­ic Coun­cil Direc­tor Kevin Has­sett argued that when there is strong growth, “then longer-term inter­est rates can some­times go up, not because of infla­tion, but because, like, all of these busi­ness­es have a high demand for cap­i­tal bec …