Speaking on Bloomberg TV
He adds:
- We are seeing really strong economy, strong wage growth
- He expects real wage growth to accelerate this year
- we expect to see nominal wage growth above 4%
- Expects jobless rate to reverse itself after the shutdown\
- Moving forward on CHina trade talks and there is less uncertainty
- Pres. Trump has eye on deficits, policies to address it
Earlier on CNBC, Hassett said:
- Democratic proposals like those from Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez targeting the wealthy are "economically illiterate (OC proposed a 70% tax rate on income over 70%. Warren 2% tax on households with assets over $50M and 3% with assets over $1B),
- He said he got a "fist bump" from the president on the jobs report and the direction of the economy.
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