Transcript: Kevin Hassett on "Face the Nation with Margaret Brennan," May 24, 2026
Summary
Kevin Hassett, Director of the White House National Economic Council, discussed the U.S. economy on "Face the Nation" on May 24, 2026. He stated that despite mixed economic signals, the data shows a strong economy with high consumer confidence, low unemployment claims, and robust GDP growth, and he suggested that low consumer sentiment numbers are more related to political views than economic realities.Key Facts
- The Dow Jones stock index recently hit an all-time high.
- Consumer sentiment reached a very low point, but this drop is mostly seen among Democrats, not Republicans.
- Consumer confidence surveys, considered more reliable, show positive economic feelings across the population.
- The second quarter GDP estimate is above 4%, indicating strong economic growth.
- Unemployment insurance claims are at their lowest levels since the 1960s, showing a strong job market.
- The White House does not see a significant negative impact from the war in the Middle East on the economy so far.
- Gas prices reached a four-year high over Memorial Day weekend and are expected to stay high through the summer.
- Hassett explained that once key shipping routes reopen, oil shipments and refining will resume quickly, helping to alleviate fuel price pressures.
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