Ed Yardeni, founder and chief investment strategist at Yardeni Research, shares his insight on why the retail sales report was so strong and which sectors of the market are poised to do the best or worst. He also discusses what could cause another dip in the stock market.
White House economic adviser Kevin Hassett will depart his unpaid position this summer, according to a report on Monday.
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SECOND-HALF ECONOMIC RECOVERY ‘HAS BEGUN’: KEVIN HASSETT
Hassett’s role was temporary from the beginning, and he’ll return to his posts at the Hoover Institution and the Lindsey Group, according to Axios.
White House senior adviser Kevin Hassett speaks with reporters at the White House, Friday, May 22, 2020, in Washington. (AP Photo/Alex Brandon)
Hassett had served as President Trump’s Council of Economic Advisers chair before leaving for the private sector in 2019, then returning to the administration because of the coronavirus pandemic in March.
FOX Business’ inquiry to the White House was not immediately returned.
