White House Economic Chief Urges Rational View of Economic Data on May 31

According to Jin10 on May 31, White House National Economic Council Director Hassett urged the public to take a broader view of economic trends rather than focusing on individual negative data points. Speaking on ABC's This Week, Hassett noted that media coverage often causes people to overemphasize momentary problems, such as disappointing consumer price data or energy prices.

Hassett advised citizens to look beyond short-term fluctuations and focus on actual wage growth. He pointed out that employment gains, stock market strength, and healthy corporate profits are translating into improved compensation levels.