President Trump made 'a great choice' picking Kevin Warsh as Fed chair, says Kevin Hassett

Summary

Kevin Hassett, NEC Director, joins Squawk on the Street to discuss President Trump's selection of Kevin Warsh as Fed chair and the administration's economic agenda. Hassett argues the White House is creating a positive supply shock that can allow high growth without high inflation, downplaying a hot PPI print. He also says AI and data center investment is lifting materials prices, including gold. No specific stock or bond trades are proposed.

• Kevin Hassett discusses Kevin Warsh as Trump's Fed chair pick.
• Hassett says Warsh is a great choice and urges quick confirmation.
• He describes a massive positive supply shock, akin to the late 1990s.
• He argues high growth need not bring high inflation and reduces Fed pressure.
• He downplays hot PPI, pointing to recent CPI below 2%.
• He cites AI and data center investment as a driver of gold and materials prices.
• He mentions fiscal responsibility, lower deficits, and possible tax legislation.