From NewsMax:
Council of Economic Advisers Kevin Hassett said he is willing to bet, based on the economy and indicators, that there will not be a recession any time soon, even though the markets have fluctuated a great deal this year.
“The U.S. economy is booming,” Hassett told Fox News’ “America’s Newsroom.” “We got data on Friday that jacked up our growth estimate for the fourth quarter all the way above 3 percent. We’re rocketing along at 3 percent growth, and the markets haven’t reflected the good news.”
Meanwhile, Hassett said that he would “take that bet” that there is not a recession coming in the next year