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The White House Chief Economic Advisor Calls on the Public to Rationally View Economic Data Fluctuations
Deese said during an appearance on ABC's "This Week," "One thing I've noticed at the White House is that whenever a certain consumer price data point looks a bit disappointing, we only talk about that one."
He made the above statement regarding gasoline prices and their impact on inflation.
Deese stated that everyone should focus on the big picture, not just energy prices or a temporarily struggling sector of the economy.
"You should take a calm view of these fluctuations and pay attention to changes in real wages," he said.
"If you look carefully, you'll see that increases in employment, stock market gains, and strong corporate profits are translating into higher wages."