(CNN) - In an interview just taped for The Situation Room with Wolf Blitzer, Austan Goolsbee, one of President Obama’s top political advisors and the chief economist for the White House Economic Recovery Advisory Board, said he doesn’t anticipate a double dip recession.
But the economist added that economists should be “mindful” of the possibility.
The full interview will air this afternoon on The Situation Room with Wolf Blitzer starting at 5 p.m. ET.
BLITZER: How worried are you about a double dip recession?
GOOLSBEE: I don't think we will have a double dip recession. But it's –clearly anybody should keep their eye on that. You saw at the Jackson Hole fed conference in Wyoming that the - the fed is - is
eying that. The central bankers from around the world are paying attention to it. I think if we passed a small business recovery bill, if we do what the president is asking and extend the middle class tax
cuts, and if we go with his export initiative - he's outlined various ideas to promote exports. I don't think we will have a double dip recession. But it's clearly something we've got to - we've got to be mindful, and we've got to prevent.