AiCoin
AiCoin|Feb 09, 2026 14:18
[Hassett Says Employment Data May Decline but Should Not Cause Panic] On February 9, Kevin Hassett, Director of the U.S. White House National Economic Council, stated in an interview with CNBC that employment data is expected to decline, but this should not cause panic. He believes that despite slow population growth, productivity growth is significant, and lower employment data is still consistent with high GDP growth. Hassett's comments drove U.S. Treasury prices higher, with commodity trading advisors and short-term trading accounts chasing the rally. Additionally, he mentioned that GDP growth is 'very strong,' projecting a year-end growth rate of 4.0% and an overall annual growth rate of 3.0%, attributing the negative growth in the first quarter of last year to the Biden administration.
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