US EditionHassett says consumer pain over Iran war ‘the last of our concerns right now’
National Economic Council Director Kevin Hassett said consumer pain from the Iran war is a low priority, asserting the conflict is ahead of schedule and the U.S. economy remains sound.
- Kevin Hassett, National Economic Council Director, said on CNBC Tuesday that an extended Iran war would hurt consumers but is 'the last of our concerns right now.'
- Since the strikes on February 28, oil prices jumped from less than $70 to about $100 per barrel, and Iran's closure of the Strait of Hormuz has disrupted shipping, risking higher food prices.
- Petrol and transport firms are flagging immediate costs as the average gas price hits $3.79 per gallon, Delta and American Airlines expect $400 million fuel losses, and the war has cost taxpayers $12 billion.
- Critics immediately said Democrats and others blasted Hassett for saying consumers are 'the last of our concerns', with Sen. Elizabeth Warren and Sen. Chris Murphy sharply rebuking the administration.
- So far the conflict has produced 13 U.S. soldiers killed, 3.2 million displaced, and over 42,000 civilian sites damaged, while U.S. Central Command expects the war to last through September.
14 Articles
14 Articles
'Kevin, keep at that!' Trump aide brutally mocked on MS NOW after disastrous gaffe
Rep. Jared Moskowitz (D-FL) lit into Trump economic adviser Kevin Hassett on Tuesday after Hassett suggested that consumer pain from the Iran war was "really the last of our concerns" — a comment that appalled MS NOW.The broadside came during an appearance on "The Weeknight," where anchor Alicia Men...
White House Top Economic Advisor Says Consumers Hurting Is “The Least of Our Concerns”
Meanwhile, Trump says a tanking economy is a “very small price to pay” for his war As Americans see rising costs, higher gas prices, and uncertainty over their retirement and savings accounts, the Trump administration and House Republicans are content to sit back and watch them suffer. Today, White House chief economic advisor Kevin Hassett made a stunning admission that hurting consumers is “the least of our concerns.” That comes on the heels…
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