White House Advisor Hassett Signals Mixed Employment Market Outlook

Citing Jin10, White House economic advisor Kevin Hassett said Monday that the labor market is showing 'mixed signals,' suggesting a potential slowdown. Hassett told CNBC that while the labor market may be entering a 'calm period,' output markets are showing 'very, very positive' signals. He noted that real wages are rising and that AI is boosting worker productivity, reducing the need for new hires. Hassett also urged the Federal Reserve to be data-driven in its monetary policy and hinted at the possibility of a 25-basis-point rate cut in the coming month. Separately, he mentioned that ongoing India-Russia interactions are complicating U.S.-India trade negotiations.