White House Economic Adviser Urges Broader Economic Perspective

White House National Economic Council Director Hassett stated on Sunday that media coverage of economic news often leads to an excessive focus on the most severe issues at a particular moment. According to Odaily, Hassett made these remarks during an appearance on ABC's 'This Week,' highlighting that whenever a consumer price data point appears disappointing, it becomes the sole topic of discussion. He addressed concerns about gasoline prices and their impact on inflation. Hassett emphasized the importance of considering the broader economic picture rather than focusing solely on energy prices or specific sectors facing temporary challenges. "What you should do is take a calm view of these fluctuations and pay attention to changes in real wages," he said. "If you look closely, you'll see that due to increased employment, rising stock markets, and strong corporate profits, this is translating into higher wage levels."