NEC Director Hassett Predicts Economic Recovery Post-Government Reopening

Washington D.C. – Kevin Hassett, Director of the National Economic Council (NEC), stated that the U.S. economy is poised for recovery once the government reopens. The comment, attributed to Hassett by "Ash Crypto" on social media, suggests a current or impending period of government closure or significant operational curtailment. Hassett assumed his role as NEC Director in January 2025, serving in the second Trump administration, and is a prominent economic advisor known for his pro-growth stance.

"BREAKING: 🇺🇸 White House Advisor Hassett just said that the economy will recover once the government reopens," the tweet from Ash Crypto stated.

Historically, government shutdowns can have varied economic impacts, ranging from reduced GDP growth to delayed economic data releases and a dampening of consumer and business confidence. The Congressional Budget Office (CBO) has previously reported that past shutdowns led to decreases in economic output and created uncertainty. Such events typically affect federal employees, contractors, and various sectors reliant on government services or funding.

Hassett, a seasoned economist, previously served as Chairman of the Council of Economic Advisers and as a Senior Advisor during the COVID-19 pandemic in the first Trump administration, where he advocated for reopening the economy. His current remarks align with his consistent emphasis on the importance of open economic activity for national prosperity. The specific nature or duration of the government's closure that prompted Hassett's statement remains a key point of interest for economic observers.

The assertion underscores the administration's perspective that a fully operational government is a prerequisite for sustained economic momentum. Markets and businesses will likely monitor further developments regarding the government's status and any subsequent economic indicators following a reopening. Hassett's comments suggest confidence in the underlying strength of the economy, provided that government functions are restored.