US Core Inflation Momentum Nears Fed Target With Best Data In Six Years
2026-07-14 22:01

Woofun AI reports that Kevin Hassett, director of the White House National Economic Council, stated that US core inflation momentum is nearing the Federal Reserve's target. He described the latest inflation data as the strongest in six years, noting that a sharp decline driven by falling gasoline prices is imminent. Hassett added that reducing gasoline costs to $3 per gallon is realistic and indicated that President Trump may discuss the banking system while respecting the Federal Reserve's independence.

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Kevin Hassett
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