Economic Club of New York interview: White House National Economic Council Director Hassett on the productivity boom and US economic strategy

White House National Economic Council Director Kevin Hassett speaks with CNBC’s Becky Quick and Bloomberg’s David Westin on The Economic Club of New York’s The Forum. He believes an AI-driven productivity boom could push US economic growth to around 4%, and discusses data center policy, AI’s impact on employment, deficits, and bond yields.

Original source：Economic Club of New YorkFirst published on Unhidea：2026.10.30 02:43 (UTC+08:00)Original source date：2026-10-26

Program and guests

The Economic Club of New York’s The Forum (approximately 21 minutes and 15 seconds), hosted by CNBC’s Becky Quick, features White House National Economic Council Director Kevin Hassett, with Bloomberg’s David Westin joining the conversation. This article covers Hassett’s entire interview.

Key points

(The following paraphrases the guest’s views; the timestamp links point to the corresponding moments in the original video.)

An AI-related productivity boom is underway, accompanied by an increase in hours worked. (https://www.youtube.com/watch?v=Eer6nFWoHIs&t=82s）
Adding productivity, capital deepening, and labor supply together suggests the economy should be growing at around 4% rather than 3%. (https://www.youtube.com/watch?v=Eer6nFWoHIs&t=145s）
On data centers, the key question is whether local communities are willing to accept them. (https://www.youtube.com/watch?v=Eer6nFWoHIs&t=269s）
The direction of long-term bond yields is an important variable in understanding the current economy. (https://www.youtube.com/watch?v=Eer6nFWoHIs&t=911s）

Background and notes

Subtitles cover the entire video (approximately 21 minutes and 15 seconds); this article covers Hassett’s entire interview.

Source links

Economic Club of New York · Original YouTube video