{"id":131450,"date":"2026-05-10T13:37:10","date_gmt":"2026-05-10T17:37:10","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/white-house-economist-projects-gdp-growth-could-top-5-amid-capital-spending-boom-131450"},"modified":"2026-05-10T13:37:10","modified_gmt":"2026-05-10T17:37:10","slug":"white-house-economist-projects-gdp-growth-could-top-5-amid-capital-spending-boom","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/white-house-economist-projects-gdp-growth-could-top-5-amid-capital-spending-boom-131450","title":{"rendered":"White House economist projects GDP growth could top 5% amid capital spending boom"},"content":{"rendered":"
\n

A top Trump economic advisor is projecting a surge in U.S. growth, saying the country could see GDP expansion greater than even 6% amid a capital spending boom, particularly if the conflict in Iran ends soon.<\/p>\n

“I think we really could be looking at numbers north of four, north of five, north of even six [percent], because there\u2019s so much capital stock growth right now,” National Economic Council Director Kevin Hassett<\/a> told “Sunday Morning Futures.”<\/p>\n

Hassett elaborated on the acceleration in capital spending, noting that investment jumped 3.3% in March alone, not at an annualized rate.<\/p>\n

“So multiply that by 12, and you’re looking at historic capital spending numbers,” he added, arguing that the surge is being driven by the Trump administration\u2019s tax policies<\/a> and onshoring efforts.<\/p>\n

\u2018PERCEPTION VS. REALITY\u2019: TRUMP\u2019S ECONOMY PICKS UP SPEED \u2014 BUT VOTERS AREN\u2019T BUYING IT YET<\/strong><\/a><\/p>\n

He said the surge in investment is laying the foundation for a sustained period of stronger economic growth once new factories and infrastructure come online.<\/p>\n

“Remember that the 2% number that you saw for GDP growth<\/a>, the reason why it was 2% and not 4 or 5% was that we imported a record number of capital goods because we’re building all these factories,” he said.<\/p>\n

“Once we turn those factories on, you’re going to really see growth unlike anything we’ve seen before.”<\/p>\n

BESSENT SAYS \u2018MORE AND MORE\u2019 SHIPS MOVING THROUGH STRAIT OF HORMUZ, COULD EASE OIL PRICE PRESSURE<\/strong><\/a><\/p>\n

Hassett also pointed to the pace of capital stock growth.<\/p>\n

“That’s sort of like how much stuff that we make stuff with,” he explained.<\/p>\n

“It’s between 5 and 8 percent right now. If you divide that by three, that’s about how much GDP growth you get out of just capital spending.”<\/p>\n

Hassett also discussed the potential for gas prices to fall<\/a> in the near future, pointing to increased supply once oil shipments begin moving more freely through the Strait of Hormuz.<\/p>\n

“That’s going to help put prices down relatively quickly,” he said.<\/p>\n

“Now, there’s a little bit of a time lag from that. We’ve got to get the boats to move from the Persian Gulf to especially Asia, where jet fuel prices are so high, and that can take a month or two but once, basically the gusher opens, then we expect that oil prices could drop relatively<\/a> quickly and certainly ahead of the election.”<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/media\/white-house-economist-projects-gdp-growth-could-top-5-amid-capital-spending-boom <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A top Trump economic advisor is projecting a surge in U.S. growth, saying the country could see GDP expansion greater than even 6% amid a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-131450","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nWhite House economist projects GDP growth could top 5% amid capital spending boom - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/white-house-economist-projects-gdp-growth-could-top-5-amid-capital-spending-boom-131450\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"White House economist projects GDP growth could top 5% amid capital spending boom - 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