White House National Economic Council Director Kevin Hassett on Sunday defended President Donald Trump’s move to roll back tariffs on items such as coffee, bananas, beef, and tomatoes, saying the move will help ease household costs, even if they don’t immediately erase what he described as years of inflation under former President Joe Biden.
“We understand that people still feel the pain of the high prices, but we’re closing the gap and filling the gap fast,” Hassett told ABC News’ “This Week” while arguing that the inflation created under Biden’s term created strain on American families’ budgets through higher grocery costs and mortgage payments.
“Purchasing power dropped by about $3,000 under Joe Biden because the wages didn’t keep up with prices,” said Hassett. “Under President Trump, it’s already gone up by about $1,200.”
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