Hassett: Inflation Broadly in Line with Expectations, GDP Seen at 4%

Hassett's framing is notable less for the numbers than for the causal story: a supply-side boom as the disinflationary force, rather than demand restraint. That is a political argument as much as an economic one, and it lands with markets weighing how the administration narrates growth and prices ahead of future data. The open question is whether subsequent inflation and GDP prints corroborate the supply-side account or undercut it — that, rather than the remarks themselves, is what would carry market weight.