{"id":133250,"date":"2026-05-24T13:52:46","date_gmt":"2026-05-24T17:52:46","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/trump-economist-points-to-great-signs-of-easing-inflation-predicts-fuel-costs-will-plummet-with-iran-deal-133250"},"modified":"2026-05-24T13:52:46","modified_gmt":"2026-05-24T17:52:46","slug":"trump-economist-points-to-great-signs-of-easing-inflation-predicts-fuel-costs-will-plummet-with-iran-deal","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/trump-economist-points-to-great-signs-of-easing-inflation-predicts-fuel-costs-will-plummet-with-iran-deal-133250","title":{"rendered":"Trump economist points to ‘great signs’ of easing inflation, predicts fuel costs will ‘plummet’ with Iran deal"},"content":{"rendered":"
\n

National Economic Council Director Kevin Hassett<\/a> attempted to ease concerns over rising fuel costs on Sunday, as hopes of a deal with Iran to reopen the Strait of Hormuz linger on the horizon.<\/p>\n

“<\/strong>We expect energy prices as soon as there’s a deal to plummet,” he told Fox News’ Jackie DeAngelis.<\/p>\n

“And when that happens, then there’ll be a lot of room for the Fed to do the right thing and lower rates…”<\/p>\n

Hassett’s remarks come shortly after Trump-nominated Kevin Warsh was sworn in as the new Federal Reserve chair<\/a> \u2014 a shake-up to the institution that comes after a lengthy tug-of-war between the president and Warsh’s predecessor, Jerome Powell.<\/p>\n

WHAT TRUMP\u2019S NEXT PICK TO LEAD THE FEDERAL RESERVE MEANS FOR YOUR WALLET<\/strong><\/a><\/p>\n

Hassett insisted Trump had emphasized the need for an independent Fed and said he shared the sentiment himself.<\/p>\n

“I respect the independence of the Fed and the intellect of Kevin Warsh, and I’m sure that he’ll work it out on a data-dependent way.”<\/p>\n

Meanwhile, Trump and Secretary of State Marco Rubio<\/a> have suggested an end to the months-long conflict could be drawing near.<\/p>\n

Trump announced Saturday that an agreement had been “largely negotiated” with Iran and several allied nations following what he described as a “very good call” with key world leaders.<\/p>\n

TRUMP SAYS IRAN DEAL \u2018LARGELY NEGOTIATED\u2019 AS 84-DAY WAR NEARS POSSIBLE END<\/strong><\/a><\/p>\n

He added that final aspects and details of the deal are “currently being discussed and will be announced shortly.”<\/p>\n

Reopening the Strait of Hormuz, which has largely been disrupted since the start of the conflict, is a key provision of the tentative deal, Trump indicated.<\/p>\n

Hassett additionally told DeAngelis that a swath of new reserves in nearby countries such as Saudi Arabia<\/a> and the United Arab Emirates could go online once the Strait reopens.<\/p>\n

“<\/strong>As people are getting ready to get their oil refineries going back to full capacity and everything, then there’s just basically a gusher of oil that could come out,” he said.<\/p>\n

“We’ve done a lot of careful modeling about how long it’s gonna take for things to get back to normal<\/a>, and I could tell you that we’ve already seen signs that people are a little bit wary about buying oil on the spot market right now because they expect the price to drop a lot sometime soon, so that’s a very, very good sign.“<\/i><\/p>\n

On the note of broader inflation, Hassett pointed to “great signs” that relief could be on the way, including a TrumpRx expansion<\/a> to reduce prescription drug costs and a recent Oval Office event during which some government-imposed environmental regulations were loosened in an effort to bring down costs.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/media\/trump-economist-points-great-signs-easing-inflation-predicts-fuel-costs-plummet-iran-deal <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

National Economic Council Director Kevin Hassett attempted to ease concerns over rising fuel costs on Sunday, as hopes of a deal with Iran to reopen […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-133250","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nTrump economist points to 'great signs' of easing inflation, predicts fuel costs will 'plummet' with Iran deal - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/trump-economist-points-to-great-signs-of-easing-inflation-predicts-fuel-costs-will-plummet-with-iran-deal-133250\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump economist points to 'great signs' of easing inflation, predicts fuel costs will 'plummet' with Iran deal - 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