Hassett Says Trump $5,000 Checks Can Be Fiscally Responsible

Kevin Hassett, Director of the National Economic Council, addresses current U.S. economic policy, focusing on inflation trends and a proposed $5,000 economic initiative. While acknowledging that inflation remains a concern for households due to previous price surges, Hassett argues that core CPI is decelerating toward the Federal Reserve's target based on recent three-month averages. He defends the administration's economic record, citing strong GDP growth and rising real wages as evidence of a strengthening economy under President Trump. Regarding the $5,000 proposal, Hassett maintains it is a serious initiative that could be implemented through a fiscally responsible reconciliation process if the GOP secures control of Congress. He emphasizes that the administration aims to return wealth generated by recent investment to the American people, though he declines to provide specific legislative details or internal advisory discussions.