Core member of Trump's economic "think tank" Hassett: Oil prices will drop significantly after reaching a peace agreement and the window for the Fed to cut interest rates will reopen.

According to the Zhtng Finance and Economics APP, Kevin Hassett, director of the White House National Economic Council, said in a media interview over the weekend that if a geopolitical agreement to reopen key shipping routes is ultimately reached, the Trump administration expects oil prices to fall sharply; he believes that lower energy costs may significantly alleviate inflationary pressures and ultimately create more positive room for the Federal Reserve under Powell to cut interest rates.