Hassett Confident in Fed's Warsh, Doesn't See Market Bubble

• Kevin Hassett has full confidence in Fed Chair Kevin Warsh, describing him as a 'realist' who will follow economic data.
• Hassett believes Warsh's task is eased by recent inflation data, including a negative PCE top-line and a drop in core inflation.
• He sees the underlying economy as strong, citing nearly 4% growth in final sales in recent GDP numbers.
• Hassett does not perceive a market bubble in the AI sector, distinguishing it from the dot-com era by noting that AI companies are currently profitable.

White House National Economic Council Director Kevin Hassett expresses full confidence in Fed Chair Kevin Warsh, believing his job is made easier by recent inflation data showing easing price pressures. Hassett views current GDP figures positively and differentiates the current AI sector from past market bubbles, leading to a generally bullish outlook on the economy and future Fed policy.