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YOUTUBE (Fox Business) - This is ‘REVOLUTIONARY’: Kevin Hassett touts economic growth under Trump

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White House National Economic Council director Kevin Hassett discusses U.S. economic growth and domestic investment under President Donald Trump on ‘The Evening Edit.’ #fox #foxbusiness #media #breakingnews #us #usa #new #news #breaking #theeveningedit #trump #donaldtrump #hassett #kevinhassett #economy #economicgrowth #investment #domesticinvestment #business #freeenterprise #whitehouse #markets #jobs #manufacturing

Sourcehttps://www.youtube.com/watch?v=b7rZB8BafJQ
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From related AXIOS (Courtenay Brown): Trump's economic tightrope messaging of strong economy, high prices
What does Scott Bessent mean by his statement "I am the house now" in the context of the bond market?
Bessent used this phrase to refer to his informational advantage over Wall Street. By saying "The house doesn't win every hand. The house plays percentages," he indicated that while he cannot control every outcome in the bond market, he maintains a strategic and informational position of advantage in managing the economic landscape.
Q&A ID ea3edfdb-4862-450d-ab60-94eba290a733
From related AXIOS (Courtenay Brown): Trump's economic tightrope messaging of strong economy, high prices
How did Jared Bernstein, a former White House top economist under Biden, characterize the Trump administration's economic messaging?
Bernstein argued that the administration's messaging "talks past people" by focusing on GDP and jobs reports while the public continues to struggle with affordability. He claimed that the administration has dismissed affordability concerns—noting that Trump called the affordability crisis a "hoax" last year—and argued that policies such as tariffs, budget cuts, and the war have worsened the situation for Americans.
Q&A ID ad341a28-7688-4a5a-805b-26f169bee784
From related AXIOS (Courtenay Brown): Trump's economic tightrope messaging of strong economy, high prices
What is the administration's stance on the relationship between Treasury yields and affordability?
Scott Bessent has made lower Treasury yields a pillar of the administration's push for affordability, having previously given a speech titled "Treasury Markets as a Barometer for Affordability." While long-term interest rates have risen sharply and mortgage rates have topped 7%, Bessent played down these signals by arguing that borrowing costs have risen globally rather than being an "idiosyncratic rise." He admitted he cannot control the bond market but aims to influence how people think about it.
Q&A ID 37736aa4-aba2-465b-adb8-1d2bb9b365a4
From related AXIOS (Courtenay Brown): Trump's economic tightrope messaging of strong economy, high prices
What specific economic conditions did Treasury Secretary Scott Bessent identify as factors contributing to current inflation?
Bessent acknowledged that the economy remains strong despite a recent inflation surge. He identified "headline inflation" as a primary concern, specifically noting that energy prices were driven up by the conflict in the Middle East. However, he predicted that this specific energy shock would "fade away" and emphasized that while Americans are dealing with the "cumulative hit" from higher prices, other economic numbers remain quite strong.
Q&A ID e5d97819-608f-4a7c-8497-c9e77dd06523
From related AXIOS (Courtenay Brown): Trump's economic tightrope messaging of strong economy, high prices
How does the Trump administration plan to message the economy to avoid repeating what it considers a mistake made by the Biden administration?
The administration is attempting a "high-wire messaging act" to promote strong economic growth without appearing insensitive to Americans' frustration over the cost of living. Top White House economist Kevin Hassett noted that simply telling people the economy is great could appear insensitive, while the administration specifically wants to avoid the Biden-era approach of telling Americans "how good they had it." Treasury Secretary Scott Bessent stated that the goal is not just to have wages "break even" after the erosion of purchasing power that occurred during the Biden years.
Q&A ID 6df5267a-59fe-4794-a7b1-c0596a4275e9
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