White House Economic Director Hassett urged the public to view economic data fluctuations rationally.

PANews reported on May 31 that, according to Jinshi News, White House National Economic Council Director Hassett stated on Sunday that the way the media reports economic news often leads people to overemphasize the most serious problems at a particular moment. Speaking on ABC's "This Week," Hassett said, "One thing I've noticed in the White House is that whenever a consumer price index looks a little disappointing, we just talk about that one thing." He made these remarks regarding gasoline prices and their impact on inflation. Hassett stated that everyone should look at the big picture, not just energy prices or a particular area of ​​the economy that is temporarily experiencing difficulties. "What you should do is take these fluctuations in stride and focus on changes in real wages," he said. "If you look closely, you'll see that increased employment, a rising stock market, and strong corporate profits are translating into higher wages."

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
In the past 24 hours, a total of $96.1686 million in contracts were liquidated across the entire network, including both long and short positions.
PANews Newsflash