Part 4/9:
"It depends on whether you look at the 2, 3, or 7-month trends," he said, noting that recent data shows inflation has declined from about 3.9% to roughly 2.5% over the past seven months, yet recent months have experienced less favorable figures.
On the growth front, Hassett emphasized that the economy is experiencing a significant expansion, with GDP surpassing 3% and retail sales increasing by 6% in the control group. This suggests a "boom-like" environment, driven largely by supply-side factors that could enable growth without fueling inflation—an encouraging sign that supply improvements might be tempering inflationary pressures.