Rep. Josh Gottheimer: You can't get rid of data centers, but put them only where people want them

Summary

Rep. Josh Gottheimer joins CNBC to discuss Federal Reserve policy, inflation, utility costs, AI, and data centers. He argues against higher interest rates, supports permitting reform to lower electricity bills, and says data centers are necessary but must be sited responsibly. The host frames AI and data center spending as a major multi-year investment theme.

• Rep. Josh Gottheimer appears on CNBC to discuss Fed policy and affordability.
• He opposes higher interest rates and wants lower rates to help consumers and manage debt.
• He says utility bills have risen sharply and backs permitting reform to boost electricity supply.
• He argues data centers are here to stay but should be sited where communities want them.
• He says AI is here and uses significant electricity, requiring smart management.
• The host highlights trillions in planned AI and data center spending as a key investment theme.
• Other topics include health care costs, Medicare for All skepticism, and high gasoline and diesel prices.