White House Pushes Back Against Recession Speculation as Stock Market Drops

The Dow Jones and Nasdaq dropped on Monday amid uncertainty on tariffs.

Director of the National Economic Council Kevin Hassett (L) speaks alongside national security advisor Mike Waltz (C) and White House deputy chief of staff for policy/homeland security advisor Stephen Miller (R) during the daily briefing in the Brady Briefing Room of the White House on Feb. 20, 2025. Jim Watson/AFP via Getty Images

A top White House economic adviser pushed back against talk of a U.S. recession amid uncertainty on tariffs and U.S. stock indexes dropping on Monday.

In an interview with CNBC, Kevin Hassett, who leads the White House’s National Economic Council, said there were many reasons to be bullish about the economy despite predictions of a downturn.