White House economic adviser Kevin Hassett says that more announcements in the energy sector are expected next week. Bloomberg News reports.
Hassett also said that shipping through the Strait of Hormuz has reopened and that crude oil is flowing again, with the exception of Iranian oil.
He described the US economy and consumer as strong and said that the White House wants to see lower mortgage rates.
According to Hassett, it is Jerome Powell’s own decision whether he will remain on the Federal Reserve Board and is not a matter for the White House.
