Hassett: Shutdown Impact Worse Than Expected, But Recovery Quick

White House economic adviser Kevin Hassett warns of significant economic impact due to the ongoing government shutdown, particularly in construction and travel sectors. He expresses concern over potential downturns but stops short of declaring a recession. Hassett also notes labor market softening and disagrees with Feds suggestion to pause interest rate hikes. Despite these challenges, he remains optimistic about a swift economic rebound once the shutdown ends.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.