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Hassett: Core Inflation Momentum in the U.S. Is Approaching the Fed’s Target
Svmuu News: Hassett, Director of the White House National Economic Council, stated that the momentum of core inflation in the U.S. is approaching the Federal Reserve’s target, and the latest inflation data is the best it has been in six years. He added that a significant decline in inflation driven by falling gasoline prices is imminent, and that bringing gasoline prices down to $3 per gallon is a realistic goal.Hassett also revealed that Donald Trump may discuss the banking system, while respecting the Federal Reserve’s independence. (Jin Shi)
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