Small business optimism has surged to its highest level on record, according to Kevin Hassett, the Director of the National Economic Council of the United States.
Speaking on the economic outlook, Hassett highlighted significant improvements in economic indicators, including manufacturing and CEO confidence.
“The ISM index, which measures manufacturing activity, is expanding again for the first time in years,” Hassett noted.
He credited the rising optimism to policies that encourage economic growth and stability. CEO confidence has additionally reached levels not seen in years, which gives way to broader economic confidence throughout the nation.
Hassett also addressed ongoing budget negotiations, hinting at the potential for greater savings to be made throughout the government. He pointed out that cost-cutting efforts being exercised by Treasury officials key administration officials like Elon Musk, could generate long-term financial benefits, up to ten years down the line.
“Small business optimism has gone up by the most ever since President Trump came in,” Hassett stated, explaining the impact of the administration’s current economic policies.
