Hassett: Prediction markets have their uses

White House National Economic Council Director Hassett stated that forecasting markets have their uses. (Regarding Iran and oil issues) He said there will be no discussion of using the Strategic Petroleum Reserve (SPR) in the near future. The military is developing a plan to allow ships to pass through. (Regarding tariff rebates) He expressed concern about lawsuits filed by large corporations regarding these rebates. The private sector will negotiate the specific methods for refunds.