Stronger economic data recently signals a continuation of above-trend growth, says the Council of Economic Advisors chairman.
Stronger economic data recently signals a continuation of the 3% GDP growth rate , Kevin Hassett, an economic advisor to President Donald Trump, said Monday on CNBC.
The Trump White House has used 3% growth as a yardstick of success of the president's economic agenda, which included tax cuts and business deregulation. The economy nudged past that number when measured from the fourth quarter of 2017 through Q4 of 2018. However, with the S&P 500 up more than 15 percent in 2019 and the three-week shutdown resolved before February, first-quarter economic numbers were showing more promise than originally thought.
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