【White House economic chief urges the public to view economic data fluctuations rationally】

White House National Economic Council Director Hasset said on Sunday that the way media reports economic news often causes people to focus excessively on the most serious issues at a specific moment. Hasset stated during his appearance on ABC's "This Week": "One thing I've noticed at the White House is that whenever a certain consumer price data looks a bit disappointing, we only talk about that." He made these remarks regarding gasoline prices and their impact on inflation. Hasset said that everyone should look at the bigger picture, not just energy prices or a temporarily struggling sector of the economy. "What you should do is view these rises and falls calmly and pay attention to changes in real wages," he said. "If you observe carefully, you'll see that increases in employment, stock market rises, and robust corporate profits are translating into higher wage levels."