"Capital spending is moving, industrial production is moving. Housing, we saw yesterday is booming because mortgage rates are down"

National Economic Council Director Kevin Hassett: "Capital spending is moving, industrial production is moving. Housing, we saw yesterday is booming because mortgage rates are down a whole percentage point... so, there's a lot of positive news in the economy right now." pic.twitter.com/ZszAozhxfj

— Rapid Response 47 (@RapidResponse47)March 19, 2025