Hassett Sees Rate Hold or Cut and AI Concerns Ahead

Kevin Hassett, director of the White House's National Economic Council, expressed his views on monetary policy and artificial intelligence. In an interview, he stated that if he were at the Federal Reserve (Fed), he would either hold interest rates steady or cut them. This stance is in line with recent actions by the Fed, which has kept rates low to support economic growth.

Hassett also emphasized the importance of artificial intelligence (AI) as a policy priority over the next two years. He noted that the US government is closely reviewing AI safety issues, highlighting concerns about its potential impact on society and the economy.