RNN May 31st 2026

RNN Cast · Jun 1, 2026 · 4m

White House Economic Response: White House National Economic Council Director Kevin Hassett has dismissed recent concerns over slumping consumer confidence. Hassett argued that the data should instead be viewed as "political sentiment" and downplayed widespread economic anxiety as a product of partisan politics. The administration is actively defending its economic record following a recent stock market drop and a first-quarter GDP dip, which officials attribute to a brief, tariff-related import surge rather than structural weakness. While critics point to decreasing consumer spending and an…