White House official: US GDP growth in the fourth quarter is expected to decrease by 1.5 percentage points due to the "shutdown"
2025-11-13 15:38:17
Hassett, the White House economic adviser, said he would advise US President Trump on housing in the coming weeks or months. In addition, Hassett said that due to the government "shutdown", only employment data will be released within a month, and no unemployment data will be released. He expects US gross domestic product (GDP) growth in the fourth quarter to decline by 1.5 percentage points due to the government "shutdown". Hassett also said that he does not see any reason not to cut interest rates.
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