White House says long-term economic fundamentals are strong

President Donald Trump is focused on the long-term fundamentals of the economy, which he believes are very strong, White House spokesman Raj Shah said on Thursday in response to the steep drop in the U.S. stock market.

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"The president, like the rest of the White House, is concerned about long-term economic indicators and factors, and the fundamentals in terms of the long term are very strong," Shah told a regular press briefing.