8legs: National economic council

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world27m ago

Kevin Hassett says energy prices could plummet as soon as a U.S.-Iran deal is reached, easing inflation.
The report links cheaper oil to potential relief in overall inflation and summer travel costs.
Hassett notes the deal could reopen the Strait of Hormuz and bring new oil reserves online.
Hassett emphasized an independent Fed and said Warsh will work in a data-dependent way.
The report mentions ongoing negotiations and that final deal details are being discussed.
Trump has signaled that an end to the conflict could be near as negotiations progress.
The piece connects oil price movements to potential changes in Federal Reserve policy.
New reserves in the region could come online if the Strait of Hormuz reopens.
The report cites a broader push for lower costs through deregulation and policy tweaks.
Fox News frames Hassett’s analysis as part of ongoing coverage of inflation and energy costs.

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#2 out of 20.00%

Hassett says consumer sentiment should be renamed political sentiment due to its political, not economic, drivers.
Hassett projects a swift oil rebound after the straits reopen, with refineries filling quickly.
Hassett says GDP growth is solid, and unemployment claims are at multi-decade lows.
The White House defends funding and political strategy around a $1.8 billion anti-weaponization fund.
Hassett stresses that gas prices may stay elevated through summer due to wartime disruptions.
Hassett notes the war’s impact on consumer confidence as a political variable rather than an economic one.
Hassett cites positive economic indicators like the Dow at record highs alongside strong GDP indicators.
Hassett cautions about political bias in consumer data and suggests relying on more scientific surveys for confidence.
Hassett emphasizes ongoing congressional work and leadership from the White House in advancing policy.
The interview underscores the administration's stance on weaponization funding and security expenses.

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