WH economic advisor Kevin Hassett Hassett:

  • GDP is a great Christmas present for the American people
  • Trump trade agenda is working
  • AI boom is being seen in the data
  • Regardless of job AI is impacting their job.
  • Will see employment change back in the 100K -150K range if GDP stays in a 4% range
  • Consumer sentiment is uncorrelated with the hard economic data.
  • Prices are down and income is up that's why we have such strong growth numbers.
  • People are very optimistic about their income growth.
  • The Fed is way behind the curve in lowering rates.
  • We have reduced the deficit by 600 billion year-over-year.
  • We will be finalizing a housing plan that will be announced sometime in the new year

Hassett is still one of the favorites for the Fed chair position

Source: Investing Live