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Trading: Oct 15, 14:24:36 (EDT)White House economic advisor Hassett: AI's enhancement of productivity may lead to a "calm period" in the job market, and it's time for the Federal Reserve to truly be "data-driven."
Wallstreetcn·- White House economic advisor Hassett stated that AI technology is significantly boosting U.S. worker productivity, potentially leading to a slowdown in hiring and a "calm period" in the labor market. - He emphasized that this is likely a short-term phenomenon, as strong output and income growth will allow the free market to address these issues relatively quickly. - Hassett also noted that concerns about AI replacing entry-level jobs are not new, and he acknowledged the challenges posed by previous government policies on consumer prices and spending.
