White House Economic Advisor Kevin Hassett on Inflation Data, Fed Policy, and Governor Lisa Cook Review

White House economic advisor Kevin Hassett joins a live interview to discuss the latest PCE inflation data, the Federal Reserve's decision to hold rates steady, and the ongoing review involving Fed Governor Lisa Cook. The conversation covers the administration's view on whether the September inflation spike is temporary, how supply-side growth is affecting the economy, and the role of energy prices amid tensions in the Middle East.

■ Inflation and Economic Data
- Assessment of the September PCE inflation reading and whether it represents a temporary spike
- Cleveland Fed's October nowcast and what it suggests for the inflation trend
- Real consumption growth since the current administration took office
- Comparison with how the previous administration characterized economic conditions

■ Energy Prices and Middle East Developments
- Impact of energy price increases on near-term inflation
- Efforts by the U.S. Navy, Gulf countries, and European partners to mitigate supply disruptions
- Expansion of U.S. refinery capacity and infrastructure adjustments in the region

■ Federal Reserve Policy
- The Fed's decision to hold rates steady and dissenting votes from governors
- Discussion of whether a rate hike is warranted given current inflation data
- Long-term inflation expectations reflected in 30-year TIPS

■ Governor Lisa Cook Review Process
- Establishment of a White House review commission and its mandate
- The administration's position on the balance between law enforcement and White House involvement
- Reassurances about the fairness and collegiality of the process, including a scheduled December meeting

This interview is suited for viewers interested in U.S. macroeconomic policy, Federal Reserve dynamics, and the intersection of economic data with political considerations ahead of midterm elections. It provides insight into how the administration interprets recent inflation prints and communicates its policy stance to markets and the public.