Odaily News Economist Kevin Hassett said in an interview that Trump's plans for tax cuts and deregulation are supply-side policies that will bring "supply-side growth." "When you increase supply, you put downward pressure on inflation." Hassett refuted the view that the rise in U.S. Treasury yields and gold prices is because investors expect Trump's coming to power will lead to inflation. He said: "It is actually higher real interest rates that are driving the current trend. When people expect that the Fed's policy rate will be able to remain near the current level, real interest rates will go higher because the economy is very strong."