National Economic Council Director Kevin Hassett was on “Fox News Sunday” with host Shannon Bream to defend President Trump’s economic policies.

“You know how people are feeling. Our polling shows it from Fox News and beyond,” Bream commented.

“The overall vibe. When can you tell Americans that things are actually gonna get better?” Bream asked.

“Well, first of all, it’s absolutely true that energy prices are high and that affects the top line, consumer price index, and PCE, something that the Fed looks at, ” Hassett said.

“If you dig down and look at what’s happening to everything else, then you are not seeing a lot of feed through from the high energy prices to everything else,” Hassett continued.

“For sure, there is a short-term disruption with energy prices, but you know, core inflation isn’t taking off,” Hassett said.

“At the Fed, they look at core, not top line, because they know that energy prices tend to bob up and down,” Hassett explained.

“Incomes, real incomes are soaring. If you look at real wage data, that the typical American family has gained about 3,000 dollars since President Trump took office after losing after inflation more than 3,000 dollars under Joe Biden,” Hassett explained.

“Even with the higher price of energy, real incomes on the rise,” Hassett said.

“The Bureau of Labor Statistics, according to their data, inflation is now outpacing wage growth. So, if people are making more money, but things are costing more, how do you answer that question and that concern?” Bream asked.

“That’s a technical matter. It’s the personal income report that came out last week that said that it was slightly negative, but personal income includes lots of things like transfers of food stamps and things that we are, have been reducing as part of our effort to make government leaner and meaner,” Hassett said.

“The best measure right now is to look at the wage data. That’s by far the best measure and the real wage data showing big increases right now,” Hassett explained.

“86 percent of Americans tell us that gas prices are a problem for their family. That includes 51 percent, a majority of Americans who say it is a major problem for them,” Bream said.

“So, what’s a timeline on improving prices at the pump?” Bream asked.

“We have ongoing negotiations. There are already a lot more ships getting through the straits than were getting through before,” Hassett said.

“Those are the places where the refineries had to shut down because they didn’t have oil,” Hassett continued.

“As soon as the oil lands in Asia, then we expect those prices to reverse and gasoline production in the US to go up,” Hassett continued.

Watch:

WATCH: Director of the National Economic Council Kevin Hassett defends the Trump administration’s economic record, says “core inflation isn’t taking off, real incomes are soaring.” pic.twitter.com/VM60rV8vuE

— Fox News Sunday (@FoxNewsSunday) May 31, 2026

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