Kevin Hassett, Director of the National Economic Council, responds to accusations of market manipulation through the tariff chaos.
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00:00Kevin, what's your response to Democrats who are accusing the president of market manipulation with that post that now is the time to buy?
00:09I think the president's policy has gotten us to a very successful place where we've got countries all around the world lining up to come up with policy changes that are going to make America great again.
00:20And I don't think that he ever had any other intent other than to get people to the table with serious policies on our part that were going to go into place and be permanent if people didn't change their negative ways.
00:32So who was that message for then? Now is the time to buy. Was it not for Americans who might be considering stocks?
00:39Well, I don't think that I ever give stock advice about now.
00:43But I think every day is a good day to buy if you believe in the future of America.
00:47And every day is a good day to hold as well.
00:50You can confidently say he wasn't trying to control what happened in the market.
00:54He believes in the long run, the future of America.
00:57And I think everybody who sees the clarity, with clarity, how strong these policies are should agree as well.
01:03But what about the impact on Americans in the meantime over this last week?
01:06I know some Democrats will also say many Americans were impacted over that week.
01:11What about that while the president was waiting to change his mind on it?
01:15I think that Americans are looking at where they are right now
01:18and seeing that all the world's countries are lining up to come to America
01:21to make deals that are better for ordinary Americans.
01:25And meanwhile, markets are celebrating.
01:27Should be pretty happy about the outcome of the week.
01:30So with that, I thank you guys.