White House bullish on economic growth as Thanksgiving spending rises

Press Escape to close the menu.

Economic adviser Kevin Hassett dismissed economic bedwetters, saying strong spending bodes well for the economy.

Kevin Hassett said: “The good news around Thanksgiving is the sign of something that's stronger to come.” | Anna Moneymaker/Getty Images

White House economic adviser Kevin Hassett said Sunday that record Black Friday sales underscore the administration’s optimism on economic growth despite concerns around tariffs and inflation.

Hassett, the director of the White House National Economic Council, cited what he said were a rise of roughly 10% in online sales and about 4% in in-store sales from last year’s Black Friday as a sign of economic resilience.