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Hassett Says He Would Hold or Cut Rates if He Were at Fed; AI Could Be Top Policy Issue

2026-08-11·newswire-us-stock-124001
Hassett Says He Would Hold or Cut Rates if He Were at Fed; AI Could Be Top Policy Issue.

White House economic adviser Kevin Hassett said that if he were currently at the Federal Reserve, he would favor leaving interest rates unchanged or cutting them. Hassett said artificial intelligence could be the most important policy issue over the next two years and that the government is seriously studying AI safety.

He said he would not replace Lisa Cook as a Federal Reserve governor and expressed hope that Cook is in fact innocent. Hassett said any action involving the Japanese yen falls within Treasury Secretary Scott Bessent’s authority and declined to comment further.

He described Kevin Warsh as highly independent, said there was no need to devise a Treasury-market theory to stabilize the yen, and said a stable yen helps prevent crises from spreading. Hassett said President Donald Trump will decide how long the U.S. government holds its Intel stock.

#Stocks #Intel #AI #Fed #Bonds

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Hassett Says He Would Hold or Cut Rates if He Were at Fed; AI Could Be Top Policy Issue

White House economic adviser Kevin Hassett said that if he were currently at the Federal Reserve, he would favor leaving interest rates unchanged or cutting them. Hassett said artificial intelligence could be the most important policy issue over the next two years and that the government is seriously studying AI safety. He said he would not replace Lisa Cook as a Federal Reserve governor and expressed hope that Cook is in fact innocent. Hassett said any action involving the Japanese yen falls within Treasury Secretary Scott Bessent’s authority and declined to comment further. He described Kevin Warsh as highly independent, said there was no need to devise a Treasury-market theory to stabilize the yen, and said a stable yen helps prevent crises from spreading. Hassett said President Donald Trump will decide how long the U.S. government holds its Intel stock.

White House economic adviser Kevin Hassett said that if he were currently at the Federal Reserve, he would favor leaving interest rates unchanged or cutting them.

Hassett said artificial intelligence could be the most important policy issue over the next two years and that the government is seriously studying AI safety.

He said he would not replace Lisa Cook as a Federal Reserve governor and expressed hope that Cook is in fact innocent.

Hassett said any action involving the Japanese yen falls within Treasury Secretary Scott Bessent’s authority and declined to comment further. He described Kevin Warsh as highly independent, said there was no need to devise a Treasury-market theory to stabilize the yen, and said a stable yen helps prevent crises from spreading.

Hassett said President Donald Trump will decide how long the U.S. government holds its Intel stock.

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