Kevin Hassett says "consumer sentiment" should be renamed "political sentiment"
Summary
Kevin Hassett, director of the White House National Economic Council, said that what is called "consumer sentiment" is more about politics than the economy. He suggested renaming it "political sentiment" because it reflects people's political views rather than their economic feelings, even as the stock market reached a record high.Key Facts
- Kevin Hassett is the director of the White House National Economic Council.
- He spoke on the show "Face the Nation with Margaret Brennan."
- The Dow Jones stock market index recently hit an all-time high.
- At the same time, consumer sentiment ratings dropped to an all-time low.
- Hassett believes consumer sentiment tracks political opinions more than economic reality.
- He suggested the term "consumer sentiment" should be changed to "political sentiment."
- The comment was reported by CBS News.
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