*Walter Bloomberg|Nov 07, 2025 14:23
HASSETT: SHUTDOWN WORSE THAN EXPECTED
NEC Director Kevin Hassett said the government shutdown hurt the economy “much worse than expected” and may have caused lasting damage. He expects the impact in Q4 GDP, but still predicts up to 4% growth next year.
Hassett also criticized the Fed for a small rate cut, suggesting it “may have become partisan.”(*Walter Bloomberg)
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