Trump economic adviser: ‘Credit card spending is through the roof’
Summary
An economic adviser to President Donald Trump said the U.S. job market looks very strong despite recent price increases caused by the war in Iran. The adviser noted that credit card spending is very high, showing people are still buying a lot.Key Facts
- A top economic adviser to President Donald Trump spoke about the U.S. economy.
- The adviser is optimistic about the future job market.
- There have been price hikes linked to the war in Iran.
- The adviser met with a leader from one of the five biggest U.S. banks.
- Credit card spending data shows people are spending a lot more than usual.
- High credit card use suggests strong consumer activity.
- The information was shared during an update on the economic outlook.
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