President Trump 'Understands Economics,' CEA's Hassett Says

Kevin Hassett discusses the economic report, highlighting strong economic growth, labor market trends, and policy impacts. He addresses projections for continued growth, the relationship between trade and fiscal deficits, and the administration's focus on trade reform. The discussion also covers concerns about the deficit and the structure of the labor market, including monopsony effects and restrictive covenants.

What factors are contributing to the current labor market conditions?

How does the administration view the relationship between fiscal and trade deficits?

What concerns does the administration have regarding restrictive covenants in the labor market?