Live Updates > Live Update Details
2026-02-20 23:21:44
[Hassett: Q4 GDP Data Misses Expectations, But Capital Spending Boom Continues] White House National Economic Council Director Kevin Hassett stated that Friday's fourth-quarter GDP data slightly missed expectations; even so, the report shows that capital spending has remained robust for three consecutive quarters. Hassett mentioned that U.S. Trade Representative Greer is prepared to respond if the U.S. Supreme Court rules against tariffs. He also stated in an interview that he may have been slightly overly emotional when criticizing the New York Fed's tariff-related research.
