Kevin Hassett, head of the White House National Economic Council, believes investors’ concerns about an AI bubble are justified. Bloomberg News reports this following an interview with CNBC.
Hassett points to the risks of an economy that is heavily dependent on investment in artificial intelligence.
At the same time, he emphasizes that President Donald Trump is pleased with the agreement with Intel and views the company’s recovery as positive for the semiconductor market.
Hassett also states that the administration will respect the Federal Reserve’s assessments.
