White House National Economic Council Director Kevin Hassett joined FOX Business\u2019 Maria Bartiromo on “Mornings with Maria<\/a>” to discuss why he believes the economy is entering a new growth phase driven by capital spending, AI productivity gains and tax policies aimed at accelerating domestic manufacturing.<\/p>\n White House National Economic Council Director Kevin Hassett. (Al Drago\/Bloomberg)<\/p>\n “The bottom line is that there’s an AI productivity boom which is feeding through to an earnings boom,” Hassett said.<\/p>\n KBW CEO Tom Michaud joins \u2018Mornings with Maria\u2019 to break down the U.S. economy, bank earnings, credit quality and crypto regulation.<\/p>\n The comments come as companies pour billions into U.S.-based expansion projects tied to semiconductors, artificial intelligence infrastructure<\/a> and advanced manufacturing. Hassett pointed to major investments from multinational firms, including Novartis and Taiwan Semiconductor Manufacturing Company, also known as TSMC, as signs the U.S. has become “the hot place to be right now.”<\/p>\n MARKET EXPERT SAYS POTENTIAL FED RATE CUTS COULD SPARK \u2018ONE OF THE BIGGEST EXPLOSIONS\u2019 IN US ECONOMY<\/a><\/p>\n The administration\u2019s push<\/a> to restore full expensing and bonus depreciation for factory construction and equipment has also sparked a rush to build projects before key tax incentives expire.<\/p>\n Invesco chief global market strategist Brian Levitt analyzes the state of the stock market and wider economy on ‘The Claman Countdown.’<\/p>\n “There’s a race unlike anything we’ve ever seen to create jobs in America right now,” Hassett said.<\/p>\n PRIVATE SECTOR ADDED 109,000 JOBS IN APRIL, ABOVE EXPECTATIONS, ADP SAYS<\/a><\/p>\n![\"White](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/05\/white-house-economist-kevin-hassett.png\")
<\/p>\n