
White House economic adviser Kevin Hassett reaffirmed that US inflation is averaging 1.6% over three months, below the Fed’s goal, in line with Trump’s stance and suggesting potential for rate cuts.
White House economic adviser Kevin Hassett stated on December 20 that US inflation is averaging 1.6% over the past three months, under the Federal Reserve’s 2% target. He noted this aligns with President Donald Trump’s view and provides scope for the Fed to reduce interest rates. Hassett highlighted that the current economic environment supports monetary easing given the subdued inflation figures.