WH Hassett: Pres. Trump trade agenda is working

White House economic advisor Kevin Hassett discussed the effectiveness of President Trump's trade agenda. He noted that recent GDP data is a great Christmas present for the American people and emphasizes that Trump's trade policies are working. The data shows strong growth, significantly aided by a boom in AI. Hassett predicts employment changes will revert back to the 100K -150K range if GDP remains around 4%. He also pointed out that consumer sentiment is unrelated to hard economic data, highlighting that while prices are down, incomes are up, contributing to the strong growth figures. Additionally, he argues that the Fed is lagging in lowering interest rates and mentions a significant reduction in the deficit year-over-year. His comments suggest a potentially optimistic economic outlook under the current administration, but market players should be cautious of the disconnection between economic sentiment and actual data.