The National Economic Council is a White House office that coordinates and advises the US president on domestic and global economic policy.
Kevin Hassett, the White House's top economic adviser, projected baseline US growth of about 4%, roughly double the 2% private forecasters expect. A company budgeting off official figures is using a forecast that rests on AI gains he says the statistics have not yet picked up.
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Kevin Hassett, the White House's top economist, says three-month core inflation near 2% leaves the Fed little room to raise rates. Wednesday's August PCE release will test his window on the inflation gauge the Fed itself prefers.
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The president told reporters in Ireland that "whoever wins AI wins", a day after Anthropic's Dario Amodei asked the industry to slow down, and the only next step anyone in Washington has named is a meeting this week.
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In Foreign Affairs, the former director of Biden's National Economic Council argues Washington has an elaborate apparatus for refusing inbound capital and almost no route to approving it. The two federal measures it names are still proposals.
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Chief economist Ronnie Chatterji says the brief "is changing a lot." If the lab with the best view of the roadmap writes its research plan in pencil, no hiring manager should be writing theirs in ink.
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