MS NOW’s Stephanie Ruhle set the facts straight on Tuesday’s “The 11th Hour,” after Donald Trump’s National Economic Council Director Kevin Hassett tried to downplay the effect the Iran war is having on American consumers.
During an interview with CNBC, Hassett said the U.S. economy was “fundamentally sound” and that if the war continued, it “wouldn’t really disrupt the U.S. economy very much at all.” While he acknowledged that a prolonged conflict would “hurt consumers,” he said that was “the last of our concerns right now.”
“We are now in the third week of the war,” Ruhle said after playing a clip of the Trump official’s comments. “Kevin Hassett says the war would not disrupt the economy very much at all. But for facts’ sake, it already has.”
“Everybody from Wall Street to Main Street is trying to navigate the growing economic risks created by the war with Iran,” she said, noting that while markets finished strong on Tuesday, the price of oil was still climbing.
“If you have been watching this show, then you already know what it means for your wallet. Higher oil prices translate to higher prices for gas, diesel and even jet fuel, all the things that keep our economy — not just our economy, but the global economy — humming along,” she explained.
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Allison Detzel is an editor/producer for MS NOW. She was previously a segment producer for “AYMAN” and “The Mehdi Hasan Show.”
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