With tariffs looming, Capital One's CEO says 'the US consumer is in good shape' — for now

Trent Sprague/Chicago Tribune/Tribune News Service/Getty Images

• US consumer spending remains strong despite economic uncertainty.
• Capital One reported a 5% rise in credit card purchase volume to $157.9 billion in the first quarter.
• Consumer debt repayment is also stable, with improving delinquency rates and payment rates.

The mighty US consumer is "in good shape" even in the face of economic uncertainty amid President Donald Trump's policy shifts, the boss of a credit card giant said on Tuesday.