A top White House economic adviser pushed back against talk of a U.S. recession amid uncertainty on tariffs and U.S. stock indexes dropping on Monday.
In an interview with CNBC, Kevin Hassett, who leads the White House’s National Economic Council, said there were many reasons to be bullish about the economy despite predictions of a downturn.
“There are a lot of reasons to be extremely bullish about the economy going forward. But for sure, this quarter, there are some blips in the data,” Hassett told the network, adding that those stemmed from both timing effects of Trump’s tariff push and issues that the United States inherited from the Biden administration….