White House adviser sees firm US consumer spending

Newswire

WASHINGTON, Oct 28 (Reuters) - U.S. consumer spending will hold firm in the near term, bolstered by strong stock and housing markets, and the overall economic outlook is positive, White House economic aide Kristin Forbes said on Tuesday. "It looks like the recovery is on track," Forbes, one of three members of the White House Council of Economic Advisers, told a business conference. "I think the American consumer can keep going ... I don't foresee any sharp changes, any sharp decline, in ...

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