NPR

White House Says Despite Stock Market Volatility, Economy Is Doing Well

President Trump's top economic adviser Kevin Hassett says that despite recent large drops in the stock market, "the fundamentals for the economy are very sound."

The stock market swung dramatically up and down on Wednesday, ending about where it started the day — after record losses earlier in the week. President Trump's top economic adviser says it's important to keep the volatility in context.

"The fact is that the fundamentals for the economy are very sound," Kevin Hassett says in an interview with NPR. "Wages

You're reading a preview, sign up to read more.

More from NPR

NPR2 min readSociety
'Wake-Up Call' About A Broken System: New Study Shows Failings Of Probation, Parole
The nationwide analysis has concluded that probation and parole violations amount to nearly half of admissions to state prisons. The majority of those violations were minor infractions.
NPR4 min read
'Fleishman Is In Trouble' Flips Expectations Upside Down
Taffy Brodesser-Akner's debut novel seems like a Portnoy-esque tale of a lovable lout, but halfway through, the story shakes itself up and reorients itself in a completely different direction.
NPR2 min readPolitics
Trump Threatens To Deport 'Millions,' As He Kicks Off Campaign For Reelection
The administration is seeking to ramp up deportation, focusing on those who have skipped court hearings.