US Looking at Close to 4% Economic Growth in 3Q, Hassett Says

“We’re looking at third quarter GDP that’s close to 4% growth,” National Economic Council Director Kevin Hassett says.

• Hassett speaks to reporters outside the White House
• “The government shutdown is looking like it might reduce that number quite a bit, especially going into the fourth quarter,” he adds
• Hassett says the Fed made the right call lowering the interest rate at its recent meeting
  • Adds that it’s “puzzling” that the Fed is “backing away from their promise” to reduce rates in the future

To contact the reporter on this story:
Alexander Pearson in Frankfurt at apearson50@bloomberg.net

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