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White House Advisor: Tariffs Not Driving Inflation Rise

7/15/2025

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Summary

Story summary

White House advisor Kevin Hassett argues that tariffs have not driven inflation, citing increased consumer patriotism.
Inflation reached 2.7% in June, yet Trump maintains that his policies help stabilize prices.
Major retailers warn that tariffs on imports may lead to higher consumer prices.
The Federal Reserve is cautious, keeping interest rates steady amid changing tariff policies.

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Story summary

White House advisor Kevin Hassett argues that tariffs have not driven inflation, citing increased consumer patriotism.
Inflation reached 2.7% in June, yet Trump maintains that his policies help stabilize prices.
Major retailers warn that tariffs on imports may lead to higher consumer prices.
The Federal Reserve is cautious, keeping interest rates steady amid changing tariff policies.