What does Kevin Hassett claim will happen to energy prices and inflation following a U.S.-Iran deal, and how does he link this to Federal Reserve policy?

Kevin Hassett claims that 'as soon as there’s a deal' with Iran, 'energy prices [will] plummet,' and that this drop would create 'a lot of room for the Fed to do the right thing at lower rates.' He links falling energy prices directly to inflation dynamics, stating that 'as soon as we see energy prices going back down you could actually be looking at negative inflation because of the energy price going down,' citing recent CPI data showing overall inflation at 3.8% (fastest in nearly three years) while core CPI—excluding food and energy—was only 2.8%, 'the most since September,' indicating energy was the primary driver of headline inflation.

How does Hassett characterize the Federal Reserve’s independence and his view of new Fed Chair Kevin Warsh?

Hassett emphasizes that he 'respects the Fed’s independence' and praises Kevin Warsh—who was sworn in as Fed chair on Friday—stating that Trump wants Warsh to be 'totally independent' and to 'do your own thing,' which Hassett presents as consistent with sound central bank governance.