Hassett: U.S. Core Inflation Momentum Is Approaching the Fed's Target

Odaily reported that Kevin Hassett, Director of the White House National Economic Council, stated that the momentum of U.S. core inflation is approaching the Federal Reserve's target, with the latest inflation data being the best in six years. A significant decline in inflation driven by falling gasoline prices is imminent, and bringing gasoline prices down to $3 per gallon is realistic. Hassett also revealed that Trump may discuss the banking system and respects the independence of the Federal Reserve. (Jin Shi)