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From the Liveblog of
Friday, April 10, 2026
From the Liveblog of
Friday, April 10, 2026
White House adviser predicts Fed rate cuts after energy prices fall
Add ToI as a Preferred Source on GoogleWhite House economic adviser Kevin Hassett says that the US Federal Reserve should be able to cut interest rates once a reopening of the Strait of Hormuz triggers a rapid decline in energy prices.
“There’s going to be, you know, a rapid reduction in energy prices once we get the straits open,” Hassett tells Fox Business Network. “Once the energy prices start to come down, don’t forget that that will put downward pressure on inflation and…I think that the outlook for the Fed having the room to cut rates is going to be very solid.”
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