NEC's Hassett Says Inflation Is Under Control

• US economic policies are working, leading to job creation and soaring average weekly earnings.
• Inflation is under control, with the core Consumer Price Index (CPI) at an annual rate of 1.6% over the last three months, below the Fed's target.
• Current economic growth is robust, nearing 5%, and recent job reports are among the best ever, indicating strong supply-side effects without inflation.

White House National Economic Council Director Kevin Hassett presents a highly optimistic view of the US economy, citing strong job growth, rising wages, and controlled inflation. He attributes negative consumer sentiment to political bias and suggests the Federal Reserve should not raise interest rates given the current economic data.