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News in English (USA) / 31.05.2026 / 23:00

Economic Optimism Amid Inflation Concerns

Kevin Hassett, the White House National Economic Council Director, has urged Americans to take a broader view of economic trends despite rising inflation and high gas prices. He defended the U.S. economy by stating that the real income of Americans has increased significantly. Hassett, alongside Trump advisors, argued that higher consumer spending, particularly on groceries and goods, indicates optimism about the future. Despite these claims, some officials are attempting to downplay rising economic anxieties and low consumer sentiment statistics, suggesting that these surveys may be politically biased. Critics have mocked the upbeat narrative presented by Trump’s economic team, while Hassett insists that consumers need to remain rational and navigate fluctuations in prices effectively.
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