In an interview with CNN, Kevin Hassett, chair of the White House Council of Economic Advisers, said that he was confident that the U.S. and China could reach a trade agreement by the March 1 deadline.
Key quotes
- Puts chances of recession in 202 to very close to zero.
- Q2 growth would be humongous if government reopens.
- Sees no risk of credit downgrade for US.
Source: Reuters.