Watch CNBC's full interview with White House National Economic Council Director Kevin Hassett

Kevin Hassett discusses Alan Greenspan's legacy, contrasts the current AI boom (already profitable) with the dot-com era, defends Trump fiscal policy (spending cuts, tax incentives), sees oil prices heading to $70s due to diplomatic progress, and expresses confidence in Fed Chair Kevin Warsh's focus on price stability.

Yields sideways , short term, interviewee implicit

implicit

NDX up , medium term, interviewee implicit

implicit

RUT

Oil down , short term, interviewee explicit

explicit

Metals

USD

AI sector up

White House 5.5
Government Agency
Kevin Hassett 6.0

Watch CNBC's full interview with White House National Economic Council Director Kevin Hassett

ndx

Hassett states AI companies are 'printing money' and generating profits, contrasting with the unprofitable dot-com era, implying strong performance for the tech-heavy NDX.

wti

Futures markets are saying that we're headed down into the 70s sometime soon.

5 calls

+9

slightly better than random

6/18/2026 6:09:50 PM	short term cautious down	5 days later	-8.10%	+4.05%
6/5/2026 7:48:07 PM	short term down	7 days later	-11.56%	+11.56%
5/11/2026 6:30:22 PM	short term cautious up	6 days later	+6.34%	+3.17%
3/6/2026 8:02:31 PM	medium term down	22 days later	+13.18%	-13.18%

Show all 4 wti results

yields

Hassett supports Fed Chair Warsh holding steady on rates initially, and focuses on fiscal measures (spending cuts, growth) to manage debt, suggesting no immediate pressure for yields to move sharply.

Asks about Kevin Hassett's history with Alan Greenspan.

Speaker1 (Host)
Kevin Hassett

Greenspan's key judgment was to let the internet boom happen, creating enormous wealth. He used innovative data collection (the 'order survey') to see productivity gains early.

Greenspan asked for Hassett's opinion on his first day at the Fed, showing his character.
Asks if the current Fed chair is on the cusp of a similar productivity boom, and if AI could be as powerful as the 90s internet boom.

Speaker1 (Host)
Kevin Hassett

AI is different from the dot-com era because AI companies are already 'printing money' and generating profits, not just promising future visions.

Marc Andreessen and Eric Schmidt think AI is bigger than the internet. The proof is in the profits.
Asks about the $40 trillion federal debt and what the Trump administration is doing to address it.

Notes that Treasury Secretary Bessent wants to get the deficit/GDP down.

Speaker1 (Host)
Kevin Hassett

Getting debt-to-GDP down is a high priority. The administration is taking permanent steps like reducing federal employment by 300,000 and implementing tax policies (expensing for factories) to boost growth and revenue.

Cites best capital spending data since the 90s as evidence policies are working.
Asks about oil prices, surprised they came down so quickly given supply disruptions.

Speaker1 (Host)
Kevin Hassett

Futures markets are pointing to oil heading into the $70s. Diplomatic progress by JD Vance with Iran (UN inspections, tanker movement) has mostly resolved the oil market impact.

The amount of oil through the straits is almost back to pre-war levels.
Asks if Kevin Warsh should cut rates in the next six months, given oil is down and productivity is up.

Speaker1 (Host)
Kevin Hassett

Warsh is organizing the Fed to avoid past mistakes (like 9% inflation). He should hold steady at the first meeting to get his feet on the ground, but his focus on price stability is appropriate given strong employment.

Warsh's actions are 100% consistent with his confirmation hearings.

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