Breaking
Hassett Says Optimism Is Growing Around Strong US Economy, but Inflation Needs More Action
Minseung Kang
Summary
- Hassett said people are highly optimistic about the solid trajectory of the US economy.
- Walter Bloomberg reported that Hassett said discretionary travel demand is a signal that consumers are optimistic.
- Still, Hassett said inflation appears to require additional action again.
Kevin Hassett, director of the White House National Economic Council, offered a positive assessment of the US economy's solid trajectory while saying inflation still requires additional action.
Walter Bloomberg, an overseas economic news alert channel, reported on Oct. 19 that Hassett said "people are very optimistic about the strong trajectory of the economy."
He described discretionary travel spending as a signal of consumer sentiment. "Discretionary travel demand shows that consumers are optimistic," Hassett said.
He was more cautious on prices, adding that "inflation appears to require additional action again."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.