NEC Director Kevin Hassett: We have a good inflation story in terms of the numbers

Watch on YouTube ↗  |  April 14, 2026 at 16:29  |  3:55  |  CNBC
Speakers
Kevin Hassett — Director, White House National Economic Council

Summary

Kevin Hassett discusses the inflation outlook, arguing that the Fed has room to cut rates due to downward price pressures from high productivity and temporary oil shocks. He highlights policy-driven declines in grocery prices and expects oil prices to revert after the Iran situation resolves.

  • Hassett believes the Fed should cut interest rates because inflation is under control.
  • He attributes lower egg, beef, and drug prices to Trump administration policies.
  • He views the oil price increase from the Iran conflict as temporary and reversible.
  • He predicts inflation could approach zero if oil prices decline.
Trade Ideas
Kevin Hassett Director, White House National Economic Council 0:56
Oil prices will fall when Iran situation resolves.
Oil prices have increased due to disruptions in the Middle East related to Iran, but this is a temporary level adjustment that will quickly reverse itself once the situation is resolved, leading to prices falling back to previous levels.
WTI MED
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This CNBC video, published April 14, 2026, features Kevin Hassett discussing WTI. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Kevin Hassett  · Tickers: WTI