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Donald Trump's Economic Adviser Says that Americans Spending More on Gas and Groceries Is a Sign They Are 'Optimistic About the Future'

Kevin Hassett said higher spending on necessities reflects consumer optimism, while critics pointed to 3.8% inflation and rising food and fuel costs.

Kevin Hassett, President Donald Trump‘s chief economic adviser, recently appeared on Fox News Sunday to explain why he thinks Americans are spending more at the pump and the grocery store. Rather than seeing it as a sign of financial pressure, Hassett argued that the increased spending reflects a population that feels confident about the future. His comments came amid growing public concern over the rising cost of everyday goods. According to Me…

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MS NOW broke the news in New York, United States on Monday, June 1, 2026.
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