White House Adviser Hassett: Outlook for Fed having room to cut rates is going to be very solid

Kevin Hassett, Senior Adviser for the White House told Fox Business on Tuesday that they expect a rapid reduction in energy prices once the Strait of Hormuz is reopened.

Key takeaways

We expect rapid reduction in energy prices once Strait of Hormuz opens.
Outlook for Fed having room to cut rates is going to be very solid.”