Overview
- Kevin Hassett, in a Fox Business interview Wednesday, said credit-card spending on higher-priced gasoline was “through the roof.”
- He presented the spending data as evidence of strong consumer demand and a solid jobs outlook.
- Reactions on X included Rep. Mark Pocan asking “Is this supposed to be a brag?” and Jon Favreau and Ron Filipkowski accusing him of sounding tone-deaf.
- Hassett tied higher pump prices to the Iran war and a closed Strait of Hormuz, a narrow oil shipping route where disruptions often raise global fuel costs.
- Mediaite framed the remarks as an odd boast, Raw Story compiled critical posts from X, and no apology or clarification had been reported.