Watch CNBC's full interview with White House National Economic Council Director Kevin Hassett

Summary

White House National Economic Council Director Kevin Hassett discusses the U.S. economic outlook and geopolitical risks with CNBC. He attributes recent stock market strength to strong corporate earnings and a robust domestic economy. Hassett argues that resolving tensions with Iran will unlock significant Middle East oil production, leading to lower long-term oil prices. He also comments on inflation progress and supports the nomination of Kevin Warsh for Fed Chair.

• Kevin Hassett joins 'Squawk Box' for an interview.
• He attributes stock market resilience to strong U.S. economic fundamentals and corporate earnings.
• Hassett is optimistic about the progress of U.S.-Iran peace talks.
• He predicts a long-term decline in oil prices once Middle East energy production increases post-conflict.
• Hassett highlights U.S. oil production capacity as a market positive.
• He points to declines in specific inflation items like food and drugs.
• Hassett strongly endorses Fed Chair nominee Kevin Warsh.
• The discussion touches on potential financial support for ally UAE, which Hassett downplays as likely unnecessary.