Consumer Confidence Dips, Stocks Rise

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consumer confidence data

CNBC

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Business

Business & Economics

CEA Chair Stephen Miran: We're transiting the economy to be primarily driven by private sector

Summary

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71% Informative

Stephen Myron , Council of Economic Advisers Chair , says the market is shrugging off the weak consumer confidence print.

Myron says the country on which we're imposing the tariffs ultimately pays for those tariffs as opposed to having any material negative economic consequences in the United States .

He says tariffs can redirect supply chains and diversify supply chains, but they can be rerouted.

There's a lot of things that are driving the stock market, but really there's a whole host of other policies that are being enacted as well.

We are transitioning the economy away from being a primarily government driven economy and towards one that's driven primarily by the private sector.

We're waiting on Congress doing its job to extend the president's tax cuts.

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informal

Language

English

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