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Departing Trump Economist Sees Risk to 3% U.S. Growth Goal

  • Uncertainty increasing about U.S. growth outlook, Hassett says
  • Hassett expresses concern about surging budget deficit
Kevin Hassett
Kevin HassettPhotographer: Andrew Harrer/Bloomberg
Updated on

A departing top economic adviser to Donald Trump said the chance of hitting the president’s growth target this year is becoming less certain amid risks from the trade war and a ballooning budget deficit.

There’s increasing uncertainty about America’s ability to hit the 3% growth goal that Trump has said the world’s biggest economy will surpass under his policies, said Kevin Hassett, chairman of the U.S. Council of Economic Advisers. Trump tweeted Sunday that Hassett, who was confirmed in September 2017, will leave the position “shortly.”