Bad Consumer Confidence News Drops -- Minutes After Trump Spox Brags About It [View all]

Source: MEDIAite

May 26th, 2026, 12:35 pm


The board that produces the Consumer Confidence dropped some bad news shortly after Trump White House National Economic Council Director Kevin Hassett bragged about it to rebut negative consumer sentiment.

On Tuesday morning’s edition of Fox Business Network’s Mornings With Maria, anchor Maria Bartiromo pressed Hassett on record low numbers on the Consumer Sentiment index, and Hassett responded by suggesting the University of Michigan survey is rigged, and promoting the Conference Board’s Consumer Confidence Index as the more reliable:

What they have done is they have somehow devised a political survey that tells us how Democrats are feeling about things.

If you want to look at how people are thinking, you should go to the conference board consumer confidence. The consumer confidence measure is actually the most reliable thing and right now it’s the highest it’s been in a year.

But even as Hassett spoke, the Conference Board was preparing to break bad news with a 10 a.m. press release announcing that Consumer Confidence fell .7 percent in May, which the group’s chief economist, Dana Peterson, chalked up to the intensification of “the inflationary impacts of the war in the Middle East.”

Read more: https://www.mediaite.com/media/news/bad-consumer-confidence-news-drops-minutes-after-trump-spox-brags-about-it/

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REFERENCES

https://www.democraticunderground.com/10143668631 (Consumer Sentiment)
https://www.democraticunderground.com/10143670628 (Consumer Confidence - WSJ used wrong name in headline)