Breaking
White House’s Hassett Says He’d Hold or Cut Rates at Fed, Calls AI a Top Policy Priority
Minseung Kang
Summary
- Hassett said that if he were at the Fed, he would choose either a rate hold or a rate cut.
- Hassett said artificial intelligence (AI) could become the most important policy issue over the next two years.
- Hassett said the US government is closely reviewing AI safety issues.
Kevin Hassett, director of the White House National Economic Council, said he would hold interest rates steady or cut them if he were at the Federal Reserve.
Odaily, a cryptocurrency-focused media outlet, reported on August 10 that Hassett said, "If I were at the Fed right now, I would hold rates or cut them."
He also said artificial intelligence could be the most important policy issue over the next two years, adding that the US government is closely reviewing AI safety issues.
On matters involving Federal Reserve Governor Lisa Cook, Hassett said they were legal issues and that he had nothing further to add. He also said Fed Chair Jerome Powell would not replace Cook on the Federal Reserve Board.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.