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Hassett: US core inflation momentum is approaching the Fed's target

2026-07-14 14:01

Odaily News: Hassett, Director of the US National Economic Council, stated that the momentum of US core inflation is approaching the Fed's target, and the latest inflation data is the best in six years. A sharp decline in inflation driven by falling gasoline prices is imminent, and it is realistic to push gasoline prices down to $3 per gallon. Hassett also revealed that Trump may discuss the banking system and respects the independence of the Federal Reserve. (Jin Shi)