The director of the National Council of the White House, Kevin Hassett, in the warning of the Treasury Secretary, Bessent, to American trade partners, to the Chamber’s Budget Committee, making the “big and beautiful bill” and its prospects for the economy progress.
Director of the National Economic Council of the White House Kevin Hassett Said that an economic “take -off” could be on the horizon – such as the promise of trade agreements, the upcoming clarity on tax discounts and promising employment numbers have prepared the land for a major reversal.
“There will be a lot of commercial transactions and there will be clarity on tax cuts, then companies will take off,” he told Fox Business on Monday.
“Before it happens, we really get Solid number of jobs. The investment in equipment in the first quarter was north 20%, one of the best quarters of all time, because all of America knows that the golden age arrives, and we have to start building things before everyone puts itself in front of us. “”
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The director of the National Economic Council, Kevin Hassett, predicted an economic “unloading” once commercial transactions and tax policies take shape. (Samuel Corum / Sipa / Bloomberg via Getty Images / Getty Images)
Hassett predicted that the second half of 2025 will see the growth “in the north” of three percent and potentially north of four percent, preparing the way for one of the “best years we have ever had”.
“Even with uncertainty … which I have been widely written in the past 25 years … We have high job figures and solid investments, so once the uncertainty has been lowered, then takeoff from there will be really something to do.”
The Secretary in the United States of the Treasury Scott Bessent (R) and the director of the National Economic Council Kevin Hassett (L) speak to journalists after having attended a meeting in Capitol Building on April 28, 2025 in Washington, DC. (Anna Moneymaker / Getty Images)
On the heels of Moody’s notes destroying the American credit note With a notch due to persistent budget deficits last week, Hassett rejected this decision “Mornings with Maria”.
“”Second. Bessente said: “It’s a thing back, penalizing for all the reckless expenses of the Biden administration”. But we reduce the expenses, we deregulate, we have growth on the supply side, so we have every reason in the world to believe that we are going to have the best economy on earth, “he said.
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The chief strategist of the Slatestone wealth market, Kenny Polcari, discusses the importance of Trump’s tax bill for investors on “Wall Street by Maria Bartiromo”.
“If you have the best economy on earth, you will also have the best debt on earth. This is how I would note it.”
