Kevin Hassett: ‘US Debt Is Safest Bet on Earth’ After Moody’s Downgrade

Economic advisor Kevin Hassett has declared US debt the safest investment globally, following Moody’s recent downgrade of U.S. credit ratings. Hassett, a former President Trump advisor, challenged the downward outlook by stating that the US is in a unique position compared to other countries and asserts that US debt is ultimately the most secure bet on Earth. His strong defense comes amidst market uncertainty following Moody’s downgrade, prompting questions about the impact of this move on global financial stability. Hassett argued that his country offers the world’s best economy and best debt, a message aimed at reassuring investors amid the recent shift in credit ratings. While the market remains vigilant, Hassett’s comments may encourage institutional investors to maintain existing investments in US Treasury bonds as safe haven assets.

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