{"id":60712,"date":"2026-04-09T08:38:15","date_gmt":"2026-04-09T12:38:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/hassett-signals-5-growth-target-amid-iran-peace-hopes-warsh-confirmed-for-fed-chair\/60712\/"},"modified":"2026-04-09T08:38:15","modified_gmt":"2026-04-09T12:38:15","slug":"hassett-signals-5-growth-target-amid-iran-peace-hopes-warsh-confirmed-for-fed-chair","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/hassett-signals-5-growth-target-amid-iran-peace-hopes-warsh-confirmed-for-fed-chair\/60712\/","title":{"rendered":"Hassett Signals 5% Growth Target Amid Iran Peace Hopes; Warsh Confirmed for Fed Chair"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>White House Senior Adviser Kevin Hassett maintains a 4% to 5% US GDP growth target for 2026 despite ongoing regional conflicts.<\/strong><\/li>\n<li><strong>Kevin Warsh is confirmed to begin his term as Federal Reserve Chair in May, with Jerome Powell not expected to remain on the Board of Governors.<\/strong><\/li>\n<li><strong>High-level US-Iran negotiations are set to begin in Islamabad tomorrow, with the potential to reopen the Straits of Hormuz and &quot;return things to normal.&quot;<\/strong><\/li>\n<li><strong>The <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> administration is prepared to leverage a 50% Iran-related tariff against countries aiding adversaries.<\/strong><\/li>\n<li><strong>The European Union is relaxing methane regulations and accelerating gas stockpile filling to prevent energy shortages this summer.<\/strong><\/li>\n<\/ul>\n<p>White House National Economic Council (NEC) Director Kevin Hassett expressed strong optimism today regarding the US economy and diplomatic breakthroughs. Hassett stated that the administration is still targeting <strong>4% to 5% economic growth<\/strong> this year, asserting that &quot;things can return to normal very soon&quot; if the <strong>Straits of Hormuz<\/strong> are reopened. He emphasized that the upcoming US-Iran talks in Islamabad are &quot;not meaningless&quot; and could result in a &quot;great deal.&quot;<\/p>\n<p>On the monetary policy front, Hassett confirmed that the administration expects <strong>Kevin Warsh<\/strong> to be seated as <strong>Federal Reserve Chair<\/strong> by May. Hassett noted that he does not expect outgoing Chair Jerome Powell to stay on the Fed Board and indicated that Warsh\u2019s confirmation hearing is on track for next week. Hassett also reiterated his view that <strong>interest rates should be lower<\/strong> and that the shrinking of the Fed&#39;s balance sheet should remain a gradual process.<\/p>\n<p>The administration is also signaling a hardline stance on trade and fiscal policy. Hassett warned that President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> has the authority to impose a <strong>50% Iran-related tariff<\/strong> on nations that assist US adversaries. Furthermore, the White House is already planning a <strong>second reconciliation bill<\/strong> for the fall to advance its fiscal agenda.<\/p>\n<p>In the defense sector, <strong>US Admiral Cooper<\/strong> reported that joint operations between the US and Israel have <strong>systematically destroyed Iran&#39;s ability<\/strong> to conduct large-scale military operations for years to come. However, tensions remain high as Iranian President Pezeshkian warned that recent Israeli strikes in Lebanon violate ceasefire agreements, potentially threatening the upcoming negotiations.<\/p>\n<p>In energy markets, the <strong>European Union<\/strong> is moving to secure supplies by relaxing methane emission rules to facilitate imports. EU officials stated that filling <strong>gas stockpiles<\/strong> is a critical requirement to avoid energy shortages during the peak summer season. Meanwhile, in Iraq, the <strong>North Oil Company<\/strong> confirmed that the K1 station in Kirkuk has received its first shipment of crude oil from Basra, signaling a shift in domestic distribution.<\/p>\n<p>In corporate developments, Kia (<strong><a href=\"\/stock\/000270.KS\">000270.KS<\/a><\/strong>) announced plans to diversify its lineup with a new <strong>body-on-frame truck<\/strong>. The vehicle, expected by 2030, will feature both <strong>hybrid and range-extended powertrain options<\/strong> as the automaker adapts to evolving global demand for electrified utility vehicles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways White House Senior Adviser Kevin Hassett maintains a 4% to 5% US GDP growth target for 2026 despite 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