TREE NEWS update: White House National Economic Council director Kevin Hassett said Monday that US economic growth should run around 4%, above the Trump administration’s target of at least 3%, citing rising productivity and wages. Speaking at an event hosted by the Economic Club of New York, Hassett called that his baseline forecast, assuming no disruption from the outside world, and warned that “external” factors could prevent the administration from reaching its growth and deficit goals.
Hassett: US growth could hit 4% but ‘external’ factors may block 3% target
AI take
The gap between Hassett's 4% baseline and the administration's 3% floor is doing the real work here: it frames the shortfall as a risk from outside shocks rather than from policy design. That matters for anyone pricing US growth assets, because it signals the White House's own view that the deficit math depends on conditions it does not control. Whether the productivity and wage trends Hassett cites hold up, and what those 'external' factors turn out to be, is the open question.
Generated by AI for reference only.
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