Trump economic adviser Hassett cites positives in inflation report
Consumer prices kept rising in Wednesday's inflation data, contradicting President Trump's claim that costs were already falling. Kevin Hassett, the White House economic adviser, said he saw encouraging signs in the figures.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
New inflation statistics released Wednesday showed costs still going up, despite President Trump's promise that prices were already starting to come down. Hassett said he saw encouraging signs in the report.
Why it matters
Rising prices and the cost of living remain among voters' top concerns weeks before Election Day. Analysts say the economy could affect Republican chances in next month's midterms.
Timeline
- Oct 14, 1:25 PM ET: New inflation statistics showed costs still rising, even after Trump promised prices were starting to fall.
- Oct 14, 1:54 PM ET: Kevin Hassett, director of the National Economic Council, said he saw good news in the latest inflation report.
- Oct 15, 9:52 AM ET: CNN analysis said Trump's economic approval had collapsed to historically low levels, creating an advantage for Democrats.
Coverage
- The Odds: Did Inflation Break Trump? (CNN)
- Trump adviser sees ‘a whole bunch of good news’ in inflation report (The Hill)
- Inflation up in final report before midterms (CNN)
- Donald Trump suffers inflation nightmare just weeks before midterms (Newsweek)
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