NEC Director Warns of Oil Price Risks to US Growth Following March Jobs Report

National Economic Council Director Kevin Hassett provided an analysis of the March US jobs report and its broader implications for the economic outlook. Speaking on Bloomberg Television, Hassett addressed the potential for oil market supply disruptions stemming from heightened geopolitical tensions involving Iran. The US official expressed concerns that sustained high energy prices could lead to a significant slowdown in domestic economic growth. While the jobs data showed resilience, the focus remains on how external shocks might impact the overall trajectory of the economy. Market participants are closely monitoring these developments as oil volatility continues to influence inflation expectations and monetary policy. The commentary highlights the delicate balance between a strong labor market and the risks posed by rising commodity costs.