Bad Idea to Argue With American People on Economy, Says Chris Phelan

Christopher Phelan, chairman of the White House Council of Economic Advisers, said he doesn't expect the strong payrolls figures to cause the Federal Reserve to raise rates. Phelan said that when it comes to the state of the economy and GOP midterm losses, it's not a good idea to argue with the American people about their financial reality. (Source: Bloomberg)