Economist Kevin Hassett, director of the Trump White House’s National Economic Council, on Friday laid both the groundwork and the blame for any impending recession.
“And so I think Secretary Bessent wisely said we’re starting to see pockets of the economy that look like they might be in a recession, that we’re not in a recession because of this, but there are pockets that are really hurting,” he added. “And if we go another month or so, then who knows how bad the economy could be this quarter?”
“I think that there are sectors of the economy that are in recession,” Bessent said on CNN on Sunday, as The New York Times reported.