Kevin Hassett: Pres. Trump 'wholeheartedly rejects' government takeover of AI regulation

Watch on YouTube ↗  |  September 15, 2026 at 12:50  |  6:28  |  CNBC
Speakers
Kevin Hassett — Director, White House National Economic Council
Joe Kernen — Co-Anchor, Squawk Box

Summary

Kevin Hassett joins Squawk Box to discuss AI regulation and safety, saying the Trump administration rejects a government takeover of AI regulation and favors private-sector-led safeguards. He argues AI is a historic productivity and profitability driver, which has supported the market surge. The segment also covers AI existential risk, malevolent actors, and information-sharing among AI firms; Fed rates are mentioned but not analyzed in the available transcript.

  • Hassett rejects a government takeover of AI regulation.
  • He favors private-sector AI safety work and internal safeguards.
  • He calls AI a productivity and profit driver behind market gains.
  • The discussion includes AI existential risk and malevolent actors.
  • AI firms sharing threat information is compared to other industries.
  • The Fed meeting and interest rates are mentioned but not developed.
Ideas
Kevin Hassett Director, White House National Economic Council 1:22
AI boosts productivity, profits, market surge.
Hassett says AI is a historic, electricity-like technological revolution that is accelerating, making workers more productive and firms more profitable, and that this explains both the surge in markets and the strong performance of companies that have used AI.
Kevin Hassett Director, White House National Economic Council 3:13
Security firms favored for AI safety.
Hassett says private-sector security firms, not government bureaucrats, should do the lion's share of AI safety work, and he points to the market's focus on security firms' share prices; this policy preference keeps private AI-safety/security vendors in focus even without a clear direct trading call.
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This CNBC video, published September 15, 2026, features Kevin Hassett discussing AI-SECTOR, Security firms. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kevin Hassett  · Tickers: AI-SECTOR, Security firms