Trump economist points to 'great signs' of easing inflation, predicts fuel costs will 'plummet' with Iran deal
Kevin Hassett, the National Economic Council Director, expressed optimism about easing inflation and falling fuel costs due to a potential U.S.-Iran deal. He indicated that reopening the Strait of Hormuz could allow the Federal Reserve to lower interest rates. This comes as Trump announced that an agreement with Iran is largely negotiated, signaling a possible end to the ongoing conflict.
- ▪Kevin Hassett predicts that energy prices will plummet once a deal with Iran is finalized.
- ▪Hassett believes that lower fuel costs will provide the Federal Reserve with the opportunity to reduce interest rates.
- ▪Trump stated that an agreement with Iran has been largely negotiated, suggesting a resolution to the conflict may be near.
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| Original publisher | Fox News — Latest |
| Canonical URL | https://www.foxnews.com/media/trump-economist-points-great-signs-easing-inflation-predicts-fuel-costs-plummet-iran-deal |
| Publication time | Sun, 24 May 2026 13:52:46 -0400 |
| Retrieval time | 2026-05-24T18:02:33.767Z |
| Last seen | 2026-05-24T18:02:33.767Z |
| Headline source | Publisher (no WeSearch rewrite) |
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| Publisher visit | Yes — open original |
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Opening excerpt (first ~120 words) tap to expand
Fox News Flash Trump economist points to 'great signs' of easing inflation, predicts fuel costs will 'plummet' with Iran deal Hassett says reopening the Strait of Hormuz would also give the Fed room to lower interest rates under new chair Kevin Warsh By Taylor Penley Fox News Published May 24, 2026 1:52pm EDT Facebook Twitter Threads Flipboard Comments Print Email Add Fox News on Google close Video Kevin Hassett points to ‘great signs’ of easing oil prices, inflation as US-Iran deal nears National Economic Council Director Kevin Hassett discusses how a potential U.S.-Iran deal could impact the economy and whether rising gas prices may affect summer travel on ‘Sunday Morning Futures.’ NEWYou can now listen to Fox News articles! National Economic Council Director Kevin Hassett attempted to…
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