White House Adviser Kevin Hassett Says Wage Growth Is Accelerating While Price Increases Slow, Crediting...

LATEST: White House economic adviser Kevin Hassett says wage growth is accelerating while price increases slow, crediting a surge in capital spending.
"The price increases are decelerating and the wage increases are accelerating because of all the capital spending."
Citing estimates from Steve Moore's group, Hassett says average annual real wages are around $88,000, nearly $2,000 above when Trump took office, after adjusting for inflation.
"The future is very bright especially if you consider that we're not only talking about prices but talking about wages."
"I think we're very bullish still on the outlook for the economy."