White House economic director downplays Americans' economic anxiety amid high gas prices and inflation

Kevin Hassett urges Americans to look at whole picture on prices

White House NEC Director Kevin Hassett urged Americans to evaluate the economy holistically, citing rising real wages and high corporate profits rather than focusing on gas price spikes following the US-Israel war against Iran. For macro-aware managers, the framing signals the administration will continue downplaying inflation data points while anchoring messaging on employment and wage growth — relevant context for budget cycles tied to US economic policy signals.