Kevin Hassett forecasts 4% US economic growth through year-end
Updated
Updated · Fox Business · May 6
Kevin Hassett forecasts 4% US economic growth through year-end
10 articles · Updated · Fox Business · May 6
The White House economic adviser told Fox Business AI-led productivity, consumer spending and factory investment are lifting markets, while falling oil prices and U.S.-Iran progress also support sentiment.
He said billions are flowing into US semiconductor, AI infrastructure and advanced manufacturing projects, citing Novartis and TSMC as evidence America has become a prime investment destination.
Hassett argued import growth reflects purchases of manufacturing equipment, not weakening demand, and said tax measures such as full expensing and bonus depreciation are accelerating domestic construction and hiring.
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