The White House pumps hopium for everyone: Will Q2 be brighter?

White House economic advisor Hassett remains optimistic about the US economy, despite Q1 growth being affected by policies from the Biden era and Trump's tariff phase.

He believes that the current trade policy is proving effective, helping to revive the manufacturing sector and jobs. He also asserted that trade instability will be resolved by early April.

However, the market is not fully convinced of that. Fed Governor Adriana Kugler appears cautious, concerned about persistent inflation and believes the Fed should keep interest rates unchanged to avoid risks.

US stocks continue to be in the red, with all 3 major indices currently lower than when Trump was re-elected. The fear of a trade war is gradually giving way to concerns about economic recession – and it seems the market is reacting in a more pessimistic direction than the White House expected.

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