Hassett: AI Bubble Is Indeed Concerning, Respects Warsh and Fed’s Judgment

On Nov. 6: US White House National Economic Council Director Hassett said: We are examining the rapid employment growth over the past three months. The AI bubble is indeed a cause for concern. Even if expansion slows in the data center sector, the economy is still expected to grow strongly. (On the Fed) Inflation should slow. We will respect the judgments of Fed Chair Waller and the Federal Reserve. Trump is excited about the agreement reached with Intel. It is reassuring to see Intel achieve a strong recovery over time.