Hassett Sees 'Tremendous Amount of Momentum' in U.S. Economy

The transcript discusses the U.S. economic growth, highlighting a 3.6% unemployment rate and strong GDP performance. It examines manufacturing job trends, consumer behavior, and the impact of real wage growth. The discussion also covers interest rate policies, inflation, and global economic concerns, including Brexit and trade negotiations with China. The potential for future growth through trade deals like USMCA is also explored.

What was one of the reasons for the lower GDP in the first quarter?

• A rise in unemployment

• The government shutdown

• Increased manufacturing output

• A decrease in consumer spending

What is the current trend in the manufacturing sector according to the report?

• A significant increase in jobs

• A consistent decline in output

• A temporary weakness with potential recovery

• A stable growth without any changes

How has consumer behavior been described in relation to the economic growth?

• Consumer spending is declining

• Consumers are saving more than ever

• Consumer spending is moderate

• Consumers are spending excessively

What historical comparison is made about the current unemployment rate?

• It is higher than in 1990

• It is the same as in 1980

• It is the lowest since 1969

• It is the highest since 2000

What is a concern related to the low unemployment rate?

• A decline in manufacturing jobs

• An increase in job vacancies

• A decrease in the participation rate

• A rise in inflation

What is a potential outcome of a successful trade deal with China?

• A decline in manufacturing jobs

• An increase in U.S. economic growth

• A reduction in global growth

• A decrease in U.S. exports

What is a major concern for Europe's economy?

• Low levels of regulation

• A booming manufacturing sector

• Uncertainty over Brexit

• High levels of consumer spending