WH Adviser Says Americans' Economic Anxiety Due to Fast Pace of "Good" Changes

"Consumer prices increased by 3.8 percent over the past year, the highest rate seen since 2023. An economic adviser to President Donald Trump has dismissed Americans' worries over the state of the economy, claiming their concerns are a reaction to rapid movements by the administration rather than the rising consumer prices millions are having to deal with due to the president's policies."

"In comments to CNBC earlier this week, National Economic Council Director Kevin Hassett claimed that record-low consumer confidence measured in the U.S. was attributable to the fast pace of changes under Trump. The changes Americans are witnessing are merely too "stressful for people to see," Hassett claimed. "I think that one of the things that's happening is that the world is changing so fast right now that President Trump has sort of taken every problem on Earth and gone 100 percent at fixing it," Hassett explained."

"In an unusual addendum, Hassett asserted that members of his political party should not be concerned about the current situation. "Right now, Republicans should feel very, very good about the trajectory of the economy," he said. Related Story Fruits and vegetables prices increased by 6.1 percent, and beef prices rose by 14.8 percent over the past year."

"One day after Hassett's comments, Trump himself appeared to shrug off Americans' concerns about the economy. Asked whether the worries of the public were on his mind as the White House sought to negotiate a peace deal with Iran, Trump responded: "Not even a little bit." "I don't think about Americans' financial situation," he added. That same day, the Bureau of Labor Statistics (BLS) published its Consumer Price Index (CPI) report for the month of April, indicating that consumer prices j"

Consumer prices increased 3.8% over the past year, the highest rate since 2023. An economic adviser to President Donald Trump dismissed Americans’ worries, saying concerns stem from fast administrative changes rather than rising prices. National Economic Council Director Kevin Hassett attributed record-low consumer confidence to the stress of rapid, visible changes and claimed the administration is moving quickly to address many problems. He added that Republicans should feel very good about the economy’s trajectory. The day after those comments, Trump said he was not thinking about Americans’ financial situation. The Bureau of Labor Statistics released a Consumer Price Index report for April, showing continued pressure from higher prices, including notable increases in fruits and vegetables and beef.

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