WH Econ Adviser Hassett: Confident US-China can reach trade agreement by March 1

In an interview with CNN, Kevin Hassett, chair of the White House Council of Economic Advisers, said that he was confident that the U.S. and China could reach a trade agreement by the March 1 deadline.

Key quotes

• Puts chances of recession in 202 to very close to zero.
• Q2 growth would be humongous if government reopens.
• Sees no risk of credit downgrade for US.

Source: Reuters.