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

Odaily reports that Hassett, Director of the U.S. National Economic Council, stated that the momentum of U.S. core inflation is approaching the Federal Reserve's target. The latest inflation data is the best in six years, and a significant drop in inflation due to falling gasoline prices is imminent. He noted that reducing gasoline prices to $3 per gallon is realistic. Hassett also revealed that Trump may discuss the banking system and respects the independence of the Federal Reserve. (Jinshi)