White House Chief Economic Adviser Hassett noted that ending conflicts related to Iran may create room for the Federal Reserve to lower interest rates.

Hassett stated that the White House estimates that if a relevant agreement is reached with Iran, energy prices will decline; and once energy prices fall, the Federal Reserve will then have room to cut interest rates. He pointed out that the current surge in U.S. inflation is mainly driven by rising energy prices, and once energy prices decrease, the United States could even face a situation of deflation.