White House’s Hassett Projects 4% U.S. GDP Growth in Third Quarter

White House Senior Adviser Kevin Hassett said Wednesday that recent gross domestic product data point to continued strength in the U.S. economy. He told reporters the figures indicate «strong growth» and that price pressures on imported goods are easing. Looking ahead, Hassett projected that GDP could expand at an annualized 4% pace in the July-to-September quarter, underscoring the administration’s confidence that momentum will carry through the second half of the year.