White House says increased productivity means Fed can cut rates - Reuters
White House says increased productivity means Fed can cut rates Reuters
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"If we have a supply shock like we're seeing because of all this capital spending ... AI increasing productivity, it puts downward, downward pressure on inflation, and that should take the pressure off the Fed."
— Kevin Hassett , Executive
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<a href="https://news.google.com/rss/articles/CBMiqAFBVV95cUxOeEdKQnA3QWJleUdvbDdST25DVzRHZEhXZEFpbkd2cU9FVFljNnJHdTdGSDBockRFQTdPVEgwY1E1M3pjS1dfeXhOdDVOTW9hS1NHQWhSVnBlejRxTUVwMDFzVTNpN0RIYVFsQlRFbzcwVnVrV08yX0FoQXZwdTdEbjFRY3FGcEp0UUVrSUFtQU4tQXdjZndicEJzbzNnYk9xNmRFUnhyTlY?oc=5" target="_blank">White House says increased productivity means Fed can cut rates</a> <font color="#6f6f6f">Reuters</font>
White House economic adviser Kevin Hassett stated that increased productivity from capital spending and AI will allow the Federal Reserve to lower interest rates.
Kevin Hassett, White House economic adviser, expects that increased productivity in the U.S. economy will enable the Federal Reserve to lower interest rates.
Kevin Hassett, White House economic adviser, believes that a 'supply shock' from capital spending and AI-driven productivity will allow the Federal Reserve to lower interest rates.
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