Economics

White House Says Economy Is Solid Even as First Quarter Looks Weak

Kevin Hassett discusses the release of the annual “Economic Report of the President” with Bloomberg Television.(Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Randy Woods

March 19, 2019 at 5:32 PM UTC

This article is for subscribers only.

The U.S. economy is on track to grow 3 percent or faster this year despite an admittedly lackluster start to 2019, the White House’s chief economist said Tuesday.

“The state of the economy is strong,” Council of Economic Advisers Chairman Kevin Hassett said on Bloomberg Television, before adding that “data for the first quarter is looking pretty weak.”