WH Advisor Hassett: Expects US GDP to be 2%-2.5% in Q1

WH economic advisor Hassett on FoxNews interview says that he expects US GDP growth to be 2%– 2.5% in Q1.That is well above the Q1 estimate from the inlet Fed GDPNow model which pegged GDP growth at -2.4% on March 6. The model has been pretty accurate of late, but is based on current data and is not forward looking.Given the disparity, White House Economic Advisor Hassett either: MispokeIs bullish on a quick reboundIs just biased higher and it really doesn't matter what he says. This article was written by Greg Michalowski at www.forexlive.com.

Mar 13, 2025 - 01:10
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WH Advisor Hassett: Expects US GDP to be 2%-2.5% in Q1

WH economic advisor Hassett on FoxNews interview says that he expects US GDP growth to be 2%– 2.5% in Q1.

That is well above the Q1 estimate from the inlet Fed GDPNow model which pegged GDP growth at -2.4% on March 6. The model has been pretty accurate of late, but is based on current data and is not forward looking.

Given the disparity, White House Economic Advisor Hassett either:

  • Mispoke
  • Is bullish on a quick rebound
  • Is just biased higher and it really doesn't matter what he says.
This article was written by Greg Michalowski at www.forexlive.com.
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