Hassett: AI Bubble Is Indeed a Concern; Respects Warsh and the Fed's Judgment

November 6 — Hassett, Director of the White House National Economic Council: We are studying the rapid job growth of the past three months. The AI bubble is indeed a concern. Even if growth in the data center sector slows, the economy is still expected to achieve strong growth. (On the Fed) Inflation should slow. We will respect the judgment of Fed Chair Warsh and the Federal Reserve. Trump is excited about the agreement reached with Intel. It is encouraging to see Intel achieve a strong turnaround over time.