White House Economic Adviser Hassett says if the administration doesn't win the SCOTUS decision on tariff, then there will be other tools they can utilise to reach their goal, via CNBC
Newsquawk Staff ·
- Adds that he has high level of confidence that SCOTUS will side with the President.
- Administration is keeping a close eye on mortgage rate and says Trump is set to announce big, comprehensive housing plan.
- Increased labour supply will drive growth this year.
- Was with the president last night and they discussed GDP growth.
- Productivity is through the roof. There's a heck of a lot of economic growth does not necessarily mean huge jobs growth.
What it means
Hassett's comments reveal a degree of confidence in the administration's approach to tariffs, suggesting a potential escalation if the Supreme Court rules unfavorably. Such signals could heighten market volatility, particularly in equities and sectors sensitive to trade policies, while his remarks on economic growth and employment dynamics may influence sentiment around fiscal and monetary policy moving forward.
- [ANALYSIS] US Midterms: Senate, Governor and PUC indicative timings
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- [ANALYSIS] US Midterms: Senate, Governor and PUC indicative timings
- US Midterms: Senate, Governor and PUC indicative timings
- China's Vice Premier Ding Xuexiang says China is to take measures to achieve decisive breakthrough in tech
Related headlines
- China's Vice Premier He Lifeng says at the Hong Kong summit that economic momentum is shifting to new drivers and building Hong Kong well remains key strategy5 days ago
- Sources close to the White House report a divisiveness in the Trump administration's approach to Iran, reports ILNA5 days ago
- Melania Trump will reportedly convene Russia and Ukraine representatives at the White House; will deliver remarks on the Oleshky ceasefire on Thursday5 days ago
- Advanced Micro Devices Inc. (AMD) Q3 2026 (USD): Adj. EPS 2.09 (exp. 1.95), Revenue 13.4bln (exp. 13.1bln)5 days ago
- Super Micro Computer Inc. (SMCI) Q1 2027 (USD): Adj. EPS 1.81 (exp. 1.20), Revenue 19.9bln (exp. 16.02bln)5 days ago
- Amgen Inc. (AMGN) Q3 2026 (USD): Adj. EPS 6.45 (exp. 5.79), Revenue 10.4bln (exp. 10.07bln), Adj. operating income 4.7bln (exp. 4.33bln)5 days ago
- The Yemeni Armed Forces reportedly attack vital facilities in the southern region of Saudi Arabia, reports Sabereen News5 days ago
- Meta (META) launches USD 15bln 5-parter: 5yr, 7yr, 10yr, 20yr, 30yr5 days ago
- US officials have reportedly held up approval for American chipmaking equipment needed by SK Hynix (SKHY/000660 KS) to expand production in China, according to source reports5 days ago
- ECB’s Nagel says he is confident that France will get a grip on its budget issues; This isn't a task for monetary policy5 days ago
- Meta (META) reportedly seeking to raise up to USD 25bln in its debt offering (vs reports yesterday suggesting USD 20bln)5 days ago
- ECB’s Sleijpen says the Iran shock is more persistent than earlier thought but we don’t really see second-round effects yet5 days ago
- Reports of explosions heard in the Strait of Hormuz, reports Sabereen 5 days ago
- Eight tankers carrying 300,800 tonnes of Russian diesel are being monitored on potential voyages to the US, with seven declaring the US as their destination and arrivals expected from November 7th, according to Ukrainian sources cited by an RFE journalist5 days ago
- Senior Iranian official says mediators are making strenuous efforts to narrow the gaps between Tehran and Washington, Al Araby Al Jadeed reports5 days ago