s/ylecunAI PRODUCTIVITY•Oct 4
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Kevin Hassett bets AI productivity can drive 4% U.S. growth
The U.S. added only 29,000 jobs in the latest month, putting fresh pressure on a much stronger growth forecast. The weak hiring number came with downward revisions, even as the economy faces heavy borrowing costs and debt.
White House NEC Director Kevin Hassett’s base case is roughly 4% U.S. GDP growth, with an AI productivity boom doing most of the work. He estimates current productivity growth at about 2.5%.
White House NEC Director Kevin Hassett’s base case is roughly 4% U.S. GDP growth, with an AI productivity boom doing most of the work. He estimates current productivity growth at about 2.5%.
Timeline3
Sep 28
Kevin Hassett said his base case for U.S. GDP growth was around 4%.
Sep 28
Hassett estimated current productivity growth at about 2.5%.
Oct 4
Hassett defended the economic outlook after discussion of a 29,000-job monthly gain and downward revisions.
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Oct 4