A post by @FirstSquawk on X.
HASSETT: CAN STILL HAVE BLOCKBUSTER ECONOMY EVEN DATA CENTERS SLOW DOWN -CNBC
@FirstSquawk on X
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Kevin Hassett said the U.S. can still sustain a blockbuster economy even if data-center buildout slows, according to CNBC. The comment pushes back on the view that AI infrastructure spending is a load-bearing pillar of current growth. It matters because hyperscaler capex has become a major swing factor for GDP and for chip, power and construction demand. Watch next for data-center spending guidance from major operators and whether broader investment holds up if that capex cools.
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Kevin Hassett, CNBC