This article appeared online at TheNewAmerican.com on Wednesday, September 5, 2018:
Kevin Hassett, chairman of President Trump’s Council of Economic Advisors, said on the Fox News program “Countdown to the Closing Bell” on Tuesday that “three and a half [percent annualized GDP growth in the third quarter] is looking like a pretty comfortable number right now,” but added, “I would hope it would come in above that.”
It certainly could, and it might even hit five percent GDP growth in the second half of the year. According to the Atlanta Federal Reserve’s forecast model, GDPNow, third-quarter growth is estimated to be 4.4 percent, with previous weekly forecasts ranging from 4.6 percent to 5.0 percent.
Even those could be too conservative.