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The Independent UK
The Independent UK
National
Brendan Rascius

Trump’s top economic adviser says Americans are ‘very optimistic’ about economy

  • Kevin Hassett , a top White House economist, maintained an optimistic view of the U.S. economy, despite rising consumer prices and declining consumer sentiment.
  • Hassett attributed current economic disruptions, including increased gas prices, to the Iran war, describing them as a “temporary circumstance” that would resolve quickly.
  • He dismissed the University of Michigan's record-low consumer sentiment index as an inaccurate “political survey” reflecting Democratic opinions.
  • Contrary to Hassett's assessment, a Gallup survey indicated only 16 percent of Americans rate current economic conditions as good or excellent, the lowest figure since 2023.
  • Concerns were raised about the affordability of groceries, insurance and housing, with Hassett stating the administration is implementing measures to reduce inflation.

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