Questioning where reshoring is happening in the jobs data, noting growth appears in retail and data centers rather than expected sectors.
speaker1
Kevin Hassett
Reshoring is happening with 35 big factory groundbreakings since September; capital spending and non-defense capital goods orders are very strong, indicating the economy is ramping up at a high rate.
Struggling with how to set interest rates given 7% GDP growth and productivity gains, asking about the higher rate scenario conventional Fed chiefs might consider.
speaker1
Kevin Hassett
High growth can occur without inflation when there's a positive productivity shock that increases supply, analogous to planting a second apple tree or the 1990s computer revolution.
Asking how the administration would respond if the Supreme Court rules against their tariff authority under APA, given the low trade deficit.
speaker3
Kevin Hassett
Expresses high confidence the Supreme Court will side with them, but has contingency plans using other legal authorities to reproduce tariff deals immediately if needed.