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2 weeks ago

Kevin Hassett says inflation will drop sharply once Strait of Hormuz reopens

White House National Economic Council Director Kevin Hassett is expecting inflation to fall further by the end of the year as energy prices ease and economic growth continues to accelerate.Hassett joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss inflation, energy prices, artificial intelligence investment and the broader outlook for the U.S. economy.Hassett pointed to falling Treasury yields and what he described as strong underlying economic momentum as signs that inflation pressures could continue easing in the months ahead. He argued that lower oil prices would likel...