WH Hassett: Pres. Trump trade agenda is working

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

This article was written by Greg Michalowski at investinglive.com.