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The Latest Breaking News from Kevin Hassett

Trump Wants Lower Gas Prices, but Refineries Face Heat Waves, Iran War and a Russia-Ukraine 'Wild Card,' Analyst Says

While President Donald Trump has warned the oil companies to reduce gas prices at the pump to reflect the drop in crude oil costs, GasBuddy analyst Patrick De Haan says reducing fuel costs might be more complicated than it seems.

Benzinga

Kevin Hassett Says Gas Prices Will Drop Once Strait Of Hormuz Traffic Returns To Normal—Democrat Senator Calls Recent Price Hike 'Unacceptable'

President Donald Trump‘s top economic advisor, Kevin Hassett, said on Monday that gas prices in the U.S. will come down to pre-Iran war levels once the traffic through the Strait of Hormuz moves normally.

Benzinga

Trump Accounts Could Land An Unexpected Boost As SpaceX Reportedly Weighs Stock Donation

Space Exploration Technologies Corp. (NASDAQ:SPCX) is reportedly in talks with the Trump administration about a potential donation to the Trump Accounts, a savings initiative for children.

Benzinga

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Trump Eases Pressure On Fed Chair Kevin Warsh As Inflation Climbs, Analysis Claims

The Trump administration is giving new Federal Reserve Chair Kevin Warsh more room to navigate elevated inflation, even as President Donald Trump continues to publicly favor lower interest rates.

International Business Times

US defies forecasts of economic slowdown, but its growth isn’t making ordinary people better off

US economic growth is picking up again after a slowdown towards the end of 2025. According to price data released on May 28, US GDP grew by 1.6% year-on-year in the first quarter of 2026. This is despite energy prices rising and consumer confidence falling since the US president, Donald…

The Conversation

Trump’s economic chief says inflation is falling. Data says otherwise

In April, inflation reached its highest level in three years

The Independent UK

FACT FOCUS: Is inflation a red state vs. blue state issue? It's increasing no matter how you cut it

Inflation is rising again, squeezing budgets and making essentials harder to afford

AAP

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Americans should be reassured by high prices, apparently. Does Trump’s team really think we’re that stupid?

According to chief economic adviser Kevin Hassett, living in the world’s richest superpower and witnessing food, electricity and housing become luxury items is a good thing

The Guardian - UK

Donald Trump’s economic adviser says that Americans spending more on gas and groceries is a sign they are ‘optimistic about the future’

A different read on the data.

We Got This Covered

Trump's Top Economic Adviser Tells Americans Spending More on Everything Is a Sign They're 'Hopeful For the Future'

Kevin Hassett says higher spending on essentials signals optimism, but data shows record-low consumer sentiment and growing financial worries amid rising fuel costs.

International Business Times UK

Three out of five Americans are cutting items from grocery lists as food prices continue to rise

Many Americans have had to change up their grocery lists or cut back on extras due to high prices, according to a poll

The Independent UK

Trump’s top economic adviser says Americans are ‘very optimistic’ about economy

IN FULL

The Independent UK

Trump’s economic guru doubles down and brags that Americans ‘spending more on everything’ - not just gas

Top White House economist Kevin Hassett claimed Americans remain ‘very, very optimistic’

The Independent UK

New US Fed chair says he will be 'reform-oriented'

WASHINGTON - New US Federal Reserve Chair vowed to be "reform-oriented" as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be "totally independent."

Bangkok Post

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The Economic Times

US Fed chair Kevin Warsh says will be 'reform-oriented' at glitzy White House swearing-in

New US Federal Reserve chair Kevin Warsh vowed to be "reform-oriented" as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be "totally independent." It is unusual for the chief of the Fed -- an independent non-partisan body that…

Fortune

Kevin Warsh confirmed as Fed chair in party-line vote amid Elizabeth Warren's 'sock puppet' criticism

Every Republican voted for Warsh on Wednesday, as did Democratic Sen. John Fetterman of Pennsylvania.

The Economic Times

US Senate confirms Kevin Warsh as Federal Reserve chair, following Jerome Powell

Kevin Warsh is now the new head of the Federal Reserve. He takes charge at a difficult economic time. Inflation is high and gas prices are rising. The Fed faces internal disagreements. President Trump has pressured the Fed for lower interest rates. Warsh promises independence. He faces challenges in managing…

Axios

AI executive action stalled by White House infighting

Early talk of federal safety reviews of new AI models has cooled off.

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TechRadar

'There’s no sign in the data that AI is costing anybody their job right now': White House National Economic Council Director says AI isn’t leading to cuts — despite widespread and well-publicized layoffs across the world

White House National Economic Council Director says AI isn’t causing job cuts - despite widespread evidence to the contrary.

International Business Times UK

Trump Economic Advisor Claims Record Low Consumer Sentiment Is Caused By Stress Of Seeing Too Much Positive Change Too Quickly

The White House attributes record-low consumer confidence to rapid changes under Trump's administration, despite rising petrol prices and tariffs being cited as primary causes by the University of Michigan survey.

International Business Times

Trump Adviser Says Record-Low Consumer Sentiment Is Basically POTUS' Fault for Caring Too Much

US consumer confidence has reached a record low, driven by high petrol prices and tariffs. Economic pressures are affecting household budgets, with many Americans feeling financially strained.

Axios

What's behind Washington's AI safety pivot

New signals of possible changes ahead of President Trump's trip to China next week.

The Independent UK

Trump official boasts that Americans’ credit card spending is ‘through the roof.’ That’s far from a good thing

Surveys over the past five months indicate a growing concern among Americans about their finances

Fortune

Trump administration suddenly embraces AI oversight ideas it once rejected

After railing against Biden-era AI safety efforts, the Trump administration is now weighing its own frontier-model oversight as fears grow around cyber risks and national security.

Axios

Axios Live: Global economy should weather war-driven supply shocks, leaders say

Global economic uncertainty has risen due to the Iran war, but could ease if markets prove to be more resilient and less energy-dependent than in the past, an economic leader said.

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