Bloodless House budget director Mick Mulvaney told CNBC on Tuesday that mercantile growth is higher than what the Trump administration expected.
Mulvaney was questioned about the 2.9 percent GDP growth in theeconomy during the fourth-quarter.
“We didn’t peaceful think we can do it till 2020 [3 percent growth] … And we’re there in point of fact ahead of schedule,” he said on “Squawk Box.” “Not only was it not crazy, we truly underestimated the potential of the American economy.”
The budget director said the bolt from growth was due to anticipation of the president’s tax reform, deregulation and energy policy transmutes.
“It’s been a very very successful year economically for us. We are very over the moon on what the president was able to accomplish,” he said. “We fundamentally changed the way the saving is structured.”