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
