White House Council of Economic Advisers Chairman Kevin Hassett on Friday said that continued income growth will act as an “insurance policy” that will insulate the U.S. against a global economic slowdown and keep GDP growth around 3%. “For sure there is a global slowdown going on,” Hassett, who is leaving President Donald Trump’s administration at the end of the month, told CNBC’s “Squawk on the Street. ” “But in the U.S., the thing that I’ve held onto is — I’ve refused to revise my forecast throughout the year ... is that income growth is still really strong,” Hassett said. He gave his view about an hour after the ... (full story)