"Hassett acknowledged that grocery prices have improved, but electricity prices remain high, along with health insurance and airline fares, indicating ongoing inflationary pressures."
"He stated that energy prices have risen significantly since the Iran situation began, and if resolved, prices could return to previous levels, potentially leading to zero inflation."
"Hassett pointed out that core inflation is around 0.2%, and if oil prices decrease, inflation could approach zero, which the Federal Reserve should monitor closely."
Kevin Hassett, Director of the National Economic Council, stated that inflation could reach zero if the energy crisis related to the Iran war is resolved. He acknowledged ongoing price increases in groceries, electricity, health insurance, and airline fares. Hassett emphasized that these price hikes are energy-related and linked to the situation in Iran. He noted that core inflation is currently low, around 0.2%, and if oil prices decrease, inflation could significantly drop, which is a point of consideration for the Federal Reserve.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]