White House National Economic Council Director Kevin Hassett expects the Federal Reserve to raise interest rates if inflation figures for this month are elevated. Speaking on "Bloomberg The Open" shortly after the latest PCE inflation report, Hassett says the Fed will "probably appropriately act" if inflation data come out high. He spoke to Bloomberg's Dani Burger and Isabelle Lee.

White House National Economic Council Director Kevin Hassett expects the Federal Reserve to raise interest rates if inflation figures for this month are elevated. Speaking on "Bloomberg The Open" shortly after the latest PCE inflation report, Hassett says the Fed will "probably appropriately act" if inflation data come out high. He spoke to Bloomberg's Dani Burger and Isabelle Lee.

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NEC Director Kevin Hassett Talks US Economy

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