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White House National Economic Council Director Kevin Hassett joins « Mornings with Maria » to discuss falling oil prices, AI-driven growth, inflation concerns and why he expects the U.S. economy to continue to accelerate.
White House National Economy Council leader Kevin Hassett expects inflation to fall further by the end of the year as energy prices fall and economic growth continues to accelerate.
Hassett joined FOX Business’ Maria Bartiromo « Mornings with Maria » to discuss inflation, energy prices, AI investments and the broader outlook for the US economy.
National Economic Council Director Kevin Hassett speaks during the signing of the executive order in the Oval Office of the White House. (Andrew Harnik/Getty Images)
Hassett pointed to falling Treasury rates and strong underlying economic growth as signs that inflationary pressures may continue to moderate in the coming months. He argued that lower oil prices would likely have an immediate impact on consumers and businesses if disruptions in the Strait of Hormuz eased.
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President Donald Trump’s former energy secretary Dan Brouillette shares his views on the Iran war, shipping through the Strait of Hormuz and Varney & Co.’s national gas prices.
« Coin inflation is already slightly above target … headline inflation will come down as soon as we get the Straits open, » Hassett said.
« And it’s going to count for a lot. »
HIGH ENERGY PRICES RISKS OF INFLATION BEING KEPT ABOVE 2% TARGET, REGARDING FED POLICIES
His comments come as investors continue to monitor energy markets and Federal Reserve Policy closely followed the volatility related to tensions in the Middle East. Oil prices and inflation concerns remain key issues for consumers ahead of the 2026 midterm election cycle, especially as Americans continue to face higher costs of groceries, housing and insurance.
The « Word on Wall Street » panel analyzes rising inflation concerns, rising interest rates, the impact of NVIDIA earnings on the market and the coming wave of AI-driven major IPOs.
Hassett reiterated the administration’s continued focus on affordability and argued that investments tied to artificial intelligencemanufacturing and domestic energy production help to strengthen the economy more broadly.
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