Hassett FIRES BACK: Reveals HIDDEN REASON GDP fell

• Q2 GDP's 1.5% headline masks robust 3.9% final sales and strong capital goods imports, indicating healthy domestic demand.
• Inflation data (CPI, PCE) shows positive trends with downward pressure on prices, suggesting the Federal Reserve could maintain current interest rates.
• AI innovation is celebrated, but recent security incidents (Anthropic models hacked) highlight the need for robust government and industry collaboration to prevent harm.
• The biggest economic risk is identified as 'socialist/communist Democrats' pursuing policies that could negatively impact markets.
• Oil prices are rising, but Hassett attributes current levels to past White House actions and expects AI to further reduce inflation.

Kevin Hassett, White House National Economic Council Director, discusses strong underlying domestic demand and positive inflation trends despite a lower Q2 GDP. He expresses optimism about AI's economic impact and addresses security concerns, while identifying political ideology as the biggest economic risk. He expects 4% economic growth in the second half of 2026.