Trump's former economist cautions about 'adverse indications' as the US unmistakably falls into a recession.

Former Council of Economics Advisers Chairman Kevin Hassett discusses the current U.S. banking system, recession fears, Democrats' spending sprees and the country's labor force participation. Subscribe to Fox Business!  Watch more Fox Business Video:  Watch Fox Business Network Live:  FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C. Follow Fox Business on Facebook:  Follow Fox Business on Twitter:  Follow Fox Business on Instagram: ...(read more)

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Fmr. Trump economist, Kevin Hassett has recently warned of the "negative signs" as the United States "clearly" enters into a recession. Hassett, who served as the Chairman of the Council of Economic Advisers under the Trump administration, believes that the country is currently facing an economic crisis that is worse than the 2008 financial crisis. The warning from Hassett comes amidst the ongoing COVID-19 crisis that has sent shockwaves throughout the global economy. The pandemic has caused widespread job losses, business closures and has left millions of Americans struggling to keep up with their bills and expenses. According to Hassett, the current economic situation is likely to get worse before it gets better. With the pandemic showing no signs of slowing down in the United States, the country is likely to see a prolonged recession that could last for months, if not years. Several economic indicators have already pointed towards a recession. The country's GDP has already fallen by 5% in the first quarter of 2020. The unemployment rate has soared to over 14%, which is the highest since the Great Depression. Hassett suggests that the government needs to take immediate action to mitigate the impact of the recession. He has recommended measures such as offering financial assistance to businesses and individuals who have been affected by the pandemic. He also suggests that the government should increase spending to stimulate the economy and to prevent a deeper and longer-lasting recession. The warning from Hassett is significant as he was a key economic advisor for the Trump administration. His views carry weight and could influence policy decisions in the future. The US government has already taken some steps towards addressing the economic crisis. The CARES Act, which was signed into law on March 27, 2020, provided financial aid for businesses and individuals affected by the pandemic. However, there are concerns that more needs to be done to address the current economic situation. In conclusion, the warning from Kevin Hassett is a matter of concern for the United States. The country is facing an unprecedented economic crisis that has been exacerbated by the ongoing COVID-19 pandemic. The government needs to take immediate action to prevent a prolonged recession and to support businesses and individuals who have been affected by the pandemic. The road to recovery will be long and challenging, but with the right policies and actions, the country can bounce back stronger than before. https://inflationprotection.org/trumps-former-economist-cautions-about-adverse-indications-as-the-us-unmistakably-falls-into-a-recession/?feed_id=82741&_unique_id=6425117bb4946 #Inflation #Retirement #GoldIRA #Wealth #Investing #biden #business #corporatedebt #democrats #DeutscheBank #fed #federalreserve #FoxBusiness #FoxBusinessNetwork #governmentdefault #governmentspending #inflation #Inflation2023 #JoeBiden #KevinHassett #laborparticipation #MorningswithMaria #news #politics #PresidentBiden #recession #recessionfears #USbankingsystem #USbanks #USdebt #useconomy #USeconomy2023 #usinflation #USnationaldebt #WhiteHouse #RecessionNews #biden #business #corporatedebt #democrats #DeutscheBank #fed #federalreserve #FoxBusiness #FoxBusinessNetwork #governmentdefault #governmentspending #inflation #Inflation2023 #JoeBiden #KevinHassett #laborparticipation #MorningswithMaria #news #politics #PresidentBiden #recession #recessionfears #USbankingsystem #USbanks #USdebt #useconomy #USeconomy2023 #usinflation #USnationaldebt #WhiteHouse