Trump Advisor Links Potential Iran Deal to Lower Oil Prices and Fed Rate Cuts

Kevin Hassett, an economic advisor to U.S. President Donald Trump, stated that a potential decline in oil prices could provide the U.S. Federal Reserve with room to lower interest rates. He noted that the administration expects energy prices to drop significantly if a formal agreement is reached with Iran. President Trump separately stated on social media that ongoing discussions with Tehran are proceeding in an orderly and constructive manner. Hassett emphasized that such a deal would create favorable conditions for monetary easing while reiterating his respect for the independence of the Federal Reserve.