Collapse  

Kevin Hassett Says ‘There’s a Lot of Pressure’ for Iran to Agree with Peace Deal Despite Oil Prices Shooting up in Two Weeks if Deal Isn’t Struck

‘Well, their inflation is higher than ours’
By Grabien Staff

EXCERPT:

HASSETT: " And so, there's plenty of runway, but also, you know, there's a lot of pressure on Iran to finally agree to the president's terms. You know, one way to think about it is that if you look at the Rial, you know, half a dozen years ago, then one would — 4,000 of them would buy $1. Right now, it's something like 1.4 million of them buys $1."

KARL: "The Iranian currency."

HASSETT: "Yeah."

KARL: "Well, their inflation is higher than ours."

HASSETT: "But it also puts a lot of pressure on them. Like, the people on fixed incomes and so on are really suffering."

Like our work? Support the cause.
$
/