Larry Kudlow, the newly appointed Director of the National Economic Council, said Thursday that U.S. gross domestic product could reach 5 percent, at least for some time.
"Will we get 5 percent forever? No. But there's a catch up here," Kudlow told Fox Business Network.
"Any economist will show you the long-term trend line for GDP versus the actual now: We're like several trillion dollars below where we should be based on the long-term trend lines. I want to get back to that full potential."
He added that President Donald Trump will keep his focus on the economy by continuing to push tax policy and repeal regulations.
"President Trump is saying America is open for business," Kudlow continued. "Animal spirits have already started to jump under this president and his policies and therefore I hope for more of the same."
He then blasted "prior presidents" for their business views.
"Making fun of investors? ... Let's attack rich people? Those days are over," he added. "I want to devote myself to that message and those actions."
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