Trump Official Reminded on Air That Inflation Rose for 5 Past Months
Kevin Hassett’s talking points flew out the window after he was confronted with the facts of Donald Trump’s economy.

National Economic Council director Kevin Hassett was optimistic about inflation under the Trump administration—even after he was fact-checked live.
“We’re comfortable that inflation has come way down, the 5 percent on average for Joe Biden, it’s probably a little less than half of that right now, and the trajectory is really, really, really good if you look at it. And inflation is one of those things that has a lot of momentum … and the momentum right now is headed towards the Fed’s target,” Hassett said in a CNBC interview Tuesday with Carl Quintanilla.
Then Quintanilla brought him back down to earth: “Even though it’s been increasing for five months, as of September?”
HASSETT: We're comfortable that inflation has come way down
— Aaron Rupar (@atrupar) November 11, 2025
QUINTANILLA: Even though it's been increasing for 5 straight months?
HASSETT: Well I guess there's ups and downs and seasonals pic.twitter.com/ZyHSlqPfau
Hassett tried to explain away the fluctuation. “I guess if you look at it from January, there’s ups and downs, and seasonals.”
The NEC director is technically right that inflation is lower than it was, on average, under Biden—though comparing a four-year average that included the Covid-19 pandemic with less than a year of Trump’s presidency doesn’t seem incredibly illustrative.
As Quintanilla said, inflation increased every month from May to September. (We don’t yet have data for the month of October, thanks to the government shutdown.) It is currently around 3 percent, the same as it was in January before Trump assumed office.
It might be excusable that Hassett is choosing to see the situation through rose-colored glasses if Trump hadn’t been lying about the economy nonstop, from saying that grocery prices are down (they’re not), to saying that inflation is at only 2 percent (it’s not), to saying that he inherited the “highest inflation rate in the history of our country” (he didn’t).








