February 22, 2018 / 7:46 PM / a year ago

White House adviser says stock market volatility is 'not unusual'

FILE PHOTO: Kevin Hassett, Chair of the Council of Economic Advisers, answers a question from reporters during the daily briefing at the White House in Washington, U.S., November 17, 2017. REUTERS/Carlos Barria

WASHINGTON (Reuters) - The head of the White House Council of the Economic Advisers on Thursday downplayed concerns over recent volatility in the U.S. stock market, saying it was “not unusual.”

“It’s a regular thing in the stock market,” CEA Chairman Kevin Hassett told reporters at a regular White House briefing. “I don’t think this is anything unusual or something for people to be concerned about.”

Reporting by Makini Brice; Editing by Tim Ahmann

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