Hassett Says Ending Iran War May Create Room for Fed Rate Cut

Kevin Hassett, President Donald Trump’s chief economic adviser at the White House, signaled he’s confident that an eventual drop in oil prices will create space for the Federal Reserve to lower interest rates.

The White House expects energy prices to drop once there’s a deal with Iran, Hassett said on Fox News’ Sunday Morning Futures, just as Trump posted on social media that negotiations with Tehran “are proceeding in an orderly and constructive manner.”

“Again, we expect energy prices, as soon as there’s a deal, to plummet,” Hassett said. “And when that happens, then there will be ...