Trump Maintains Economic Policies After Republican Midterm Defeat

White House National Economic Council Director Kevin Hassett announced that President Donald Trump will not alter his economic policies following a sweeping defeat for Republicans in the midterm congressional elections. Speaking on Bloomberg TV, Hassett argued that the administration's supply-side policies are working, citing an October employment report that showed 165,000 new jobs and 120,000 people employed in factory construction.

Hassett stated that President Trump intends to use his veto power to block Democratic efforts to repeal these policies. He attributed current inflation to the war in Iran and its subsequent impact on gasoline prices, while contrasting the current administration's approach with the policies of former President Joe Biden.