U.S. Treasury Secretary Highlights Fed's Focus on AI and Economic Growth

U.S. Treasury Secretary Besent stated on Tuesday that under the leadership of Federal Reserve Chair nominee Kevin Walsh, the Fed will closely monitor the balance between employment and productivity amid rapid advancements in artificial intelligence. According to Jin10, Besent made these remarks via video at an event hosted by Brazilian investment bank BTG Pactual. He projected that the U.S. economy would achieve an average growth rate of 4.1% in the last three quarters of 2025 and anticipated a nominal GDP growth rate of 6% this year, excluding inflation. Besent emphasized that historically, productivity booms are often accompanied by employment booms, and the Fed will be vigilant to ensure there is no temporal mismatch.