Kevin Hassett, President Donald Trump‘s chief economic adviser, recently appeared on Fox News Sunday to explain why he thinks Americans are spending more at the pump and the grocery store. Rather than seeing it as a sign of financial pressure, Hassett argued that the increased spending reflects a population that feels confident about the future. His comments came amid growing public concern over the rising cost of everyday goods.
According to Mediaite, the exchange began when Fox News anchor Shannon Bream pointed out that consumer confidence surveys are telling a different story. Bream noted that both the University of Michigan survey and other indicators suggest Americans are feeling pessimistic about the current economic climate.
