White House National Economic Council Director Hassett acknowledged that the AI bubble is "indeed a concern," while noting that even if data center sector growth slows, the broader economy is still expected to achieve strong growth. Speaking on November 6, Hassett said his team is studying the rapid job growth seen over the past three months.
On monetary policy, Hassett stated that inflation should continue to slow and affirmed the administration's respect for the judgment of Fed Chair Kevin Warsh and the Federal Reserve. He also highlighted Trump's enthusiasm over a recently reached agreement with Intel, calling the chipmaker's ongoing turnaround encouraging.
White House Economic Council Director Hassett Flags AI Bubble Concern, Backs Fed Chair Warsh's Judgment
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