Hassett expects this year's economic growth to be 4%, despite job reductions in February.

LootboxPhobia · 2026-03-06T20:19:48+00:00

Member of the National Economic Council Kevin Hassett expects that despite the U.S. non-farm payrolls decreasing by 92,000 in February, the economy will grow by 4% this year. He emphasized the importance of focusing on the long-term trends in employment data and noted that there has been no recent discussion about releasing strategic petroleum reserves. He also mentioned that large corporations are involved in litigation regarding tariff refunds.

LootboxPhobia

2026-03-06 20:19:48

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Investing.com – Kevin Hassett, a member of the National Economic Council, said on Friday that despite the U.S. non-farm payrolls decreasing by 92,000 jobs in February, he expects the economy to grow by 4% this year. The market previously anticipated an increase of 58,000 jobs.

Hassett told CNBC that observers should focus on the average employment data rather than just the monthly report. He pointed out that the economy is experiencing a productivity boom.

Regarding energy policy, Hassett stated that there have been no recent discussions about releasing strategic petroleum reserves.

On the issue of tariff refunds, Hassett said attention should be on lawsuits filed by large corporations. He added that the private sector will determine how the refunds should be handled.

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