US White House Advisor Hassett says momentum in the report was strong (referring to the March BLS release). US will enter a golden age, due to administration policies.

Middle East/Energy Shock

• When asked how insulated the US economy is, says the US is the engine that drives the global economy. US stands ready to export more refined products, crude and other products to nations that are experiencing disruption
• US has taken measures to mitigate the impact, e.g. the Jones Act.
• Strength of the US will be a safety net, particularly for the likes of Asia.
• Futures markets agree with the US President that the shock will be temporary, and prices will go back towards normal over the summer.
• Can still have 4% GDP growth with high energy prices. The composition of the US economy has changed since 1970.
• Will be some short-lived disruption in Asia, expects this to be over very soon; President Trump told him as much on Thursday.
• Administration is looking at many measures (to support the US economy).
• Current focus is on "finishing the job", things will go back to normal "very, very quickly" thereafter.

BLS Report

• What was seen in the jobs market will continue, once again referencing momentum.