White House says increased productivity means Fed can cut rates

White House economic adviser says Federal Reserve could cut rates after oil shock eases, looks ahead to new Fed chair

AI-driven productivity gains could help keep inflation in check despite higher energy costs, says Kevin Hassett

White House's Hassett says AI, fiscal policy should allow Fed to resume rate cuts (DXY:)

Hassett says AI and $18T in factory investment could boost supply and ease inflation, enabling Fed rate cuts despite Iran-war oil shocks.

White House: Increased Productivity Means Fed Can Cut Rates

White House economic adviser Kevin Hassett believes a supply shock in the U.S. economy caused by capital spending and higher productivity from artificial intelligence will allow the Federal Reserve to lower interest rates, he told CNBC on Monday.

White House says increased productivity means Fed can cut rates

Economic Shifts Expected: Fed Rates Could Drop

White House economic adviser Kevin Hassett anticipates that higher productivity in the U.S. economy will lead to a Federal Reserve interest rate cut. He believes that rates could decrease if Kevin Warsh, President Trump's nominee, assumes the position of Federal Reserve chair.