White House NEC Director Kevin Hassett Talks Inflation, Fed | Bloomberg Talks

White House National Economic Council Director Kevin Hassett analyzes a robust jobs report characterized by low unemployment claims and high job openings, arguing that current economic growth is supply-side driven and therefore not inherently inflationary. Despite voter concerns regarding high prices for food and energy, the administration maintains that supply-side policies and deregulation are successfully decelerating inflation from its previous peaks. Hassett defends the White House's "evidence-based" process regarding the potential removal of Fed Governor Lisa Cook, asserting his commitment to an impartial review of the facts. The discussion highlights a significant disconnect between strong macroeconomic data—such as high productivity and factory construction—and the persistent public frustration over the cumulative 22% inflation experienced during the current presidential term. Hassett emphasizes that while energy price spikes remain a challenge, core inflation is trending toward the Federal Reserve's target.