Hassett: Strong GDP Growth Is a Christmas Gift to the American People
Kevin Hassett, White House economic adviser, described the latest US economic growth figures as a “wonderful Christmas gift to the American people,” after the economy expanded at an annual pace of 4.3% in the third quarter, beating market expectations.
Hassett said the strong performance reflects President Donald Trump’s trade policies and increased investments in artificial intelligence, noting that the economic recovery is accelerating as more people return to the labor market.
He forecast monthly job gains in the range of 100,000 to 150,000 if GDP growth remains around 4% into the new year, adding that optimism tends to support consumer spending even if consumer confidence is not directly tied to economic indicators.
Hassett also criticized the Federal Reserve, saying it is “far behind the curve” in cutting interest rates, and revealed that Trump plans to announce a housing initiative in 2026, without providing further details.
Hassett said the strong performance reflects President Donald Trump’s trade policies and increased investments in artificial intelligence, noting that the economic recovery is accelerating as more people return to the labor market.
He forecast monthly job gains in the range of 100,000 to 150,000 if GDP growth remains around 4% into the new year, adding that optimism tends to support consumer spending even if consumer confidence is not directly tied to economic indicators.
Hassett also criticized the Federal Reserve, saying it is “far behind the curve” in cutting interest rates, and revealed that Trump plans to announce a housing initiative in 2026, without providing further details.
